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Document and Entity Information - shares	9 Months Ended
Document and Entity Information - shares	Nov. 01, 2014	Nov. 29, 2014
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Nov. 01, 2014
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	Q3
Trading Symbol	BURL
Entity Registrant Name	BURLINGTON STORES, INC.
Entity Central Index Key	0001579298
Current Fiscal Year End Date	--02-01
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		74,589,657

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Nov. 01, 2014	Feb. 01, 2014	Nov. 02, 2013
Current Assets:
Cash and Cash Equivalents	$ 29,437	$ 132,984	$ 31,557
Restricted Cash and Cash Equivalents	32,100	32,100	265,559
Accounts Receivable, Net of Allowance for Doubtful Accounts	53,484	35,678	54,619
Merchandise Inventories	899,880	720,052	902,426
Deferred Tax Assets	18,216	13,475	14,209
Prepaid and Other Current Assets	80,745	77,708	77,023
Prepaid Income Taxes	42,637	4,523	19,482
Total Current Assets	1,156,499	1,016,520	1,364,875
Property and Equipment-Net of Accumulated Depreciation and Amortization	964,217	902,657	895,412
Tradenames	238,000	238,000	238,000
Favorable Leases-Net of Accumulated Amortization	272,807	292,553	299,429
Goodwill	47,064	47,064	47,064
Other Assets	118,314	124,298	136,112
Total Assets	2,796,901	2,621,092	2,980,892
Current Liabilities:
Accounts Payable	766,510	542,987	708,399
Other Current Liabilities	299,122	301,803	279,162
Current Maturities of Long Term Debt	13,275	59,026	231,460
Total Current Liabilities	1,078,907	903,816	1,219,021
Long Term Debt	1,410,838	1,369,159	1,484,285
Other Liabilities	257,832	255,877	243,785
Deferred Tax Liabilities	217,189	242,708	249,585
Commitments and Contingencies (Notes 3, 4, 5, 9, 12, 13 and 14)
Stockholders' Deficit:
Preferred Stock, $0.0001 Par Value: Authorized: 50,000,000 shares; no shares issued and outstanding at November 1, 2014, February 1, 2014 and November 2, 2013
Common Stock, $0.0001 Par Value: Authorized: 500,000,000 shares at November 1, 2014, February 1, 2014 and November 2, 2013 Issued: 75,241,724 shares at November 1, 2014, 74,218,275 shares at February 1, 2014 and 74,164,281 shares at November 2, 2013 Outstanding: 74,590,114 shares at November 1, 2014, 73,686,524 shares at February 1, 2014 and 73,632,530 shares at November 2, 2013	7	7	7
Additional Paid-In-Capital	1,361,603	1,346,259	1,344,527
Accumulated Deficit	(1,521,319)	(1,492,409)	(1,555,993)
Accumulated Other Comprehensive Loss	(745)	0
Treasury Stock at Cost	(7,411)	(4,325)	(4,325)
Total Stockholders' Deficit	(167,865)	(150,468)	(215,784)
Total Liabilities and Stockholders' Deficit	$ 2,796,901	$ 2,621,092	$ 2,980,892

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Nov. 01, 2014	Feb. 01, 2014	Nov. 02, 2013
Preferred Stock, par value	$ 0.0001	$ 0.0001	$ 0.0001
Preferred Stock, authorized	50,000,000	50,000,000	50,000,000
Preferred Stock, issued	0	0	0
Preferred Stock, outstanding	0	0	0
Common Stock, Par Value	$ 0.0001	$ 0.0001	$ 0.0001
Common Stock, Authorized	500,000,000	500,000,000	500,000,000
Common Stock, Shares Issued	75,241,724	74,218,275	74,164,281
Common Stock, Shares Outstanding	74,590,114	73,686,524	73,632,530

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 01, 2014	Nov. 02, 2013	Nov. 01, 2014	Nov. 02, 2013
REVENUES:
Net Sales	$ 1,157,292	$ 1,064,502	$ 3,329,142	$ 3,093,226
Other Revenue	8,816	8,353	23,950	24,098
Total Revenue	1,166,108	1,072,855	3,353,092	3,117,324
COSTS AND EXPENSES:
Cost of Sales	698,590	649,637	2,042,079	1,917,610
Selling, General and Administrative Expenses	396,713	363,149	1,093,760	1,017,610
Costs Related to Debt Amendments, Secondary Offerings, Termination of Advisory Agreement and Other	589	10,506	1,930	21,963
Stock Option Modification Expense	628	1,768	2,419	9,031
Restructuring and Separation Costs (Note 5)		0	0	2,179
Depreciation and Amortization	42,584	41,071	124,341	126,310
Impairment Charges - Long-Lived Assets	6	243	853	382
Other Income, Net	(1,705)	(1,703)	(5,569)	(6,308)
Loss on Extinguishment of Debt	70,302		73,983	617
Interest Expense (Inclusive of Gain (Loss) on Interest Rate Cap Contracts)	16,624	32,719	68,722	100,349
Total Costs and Expenses	1,224,331	1,097,390	3,402,518	3,189,743
Loss Before Income Tax Benefit	(58,223)	(24,535)	(49,426)	(72,419)
Income Tax Benefit	(24,009)	(7,678)	(20,516)	(24,985)
Net Loss	(34,214)	(16,857)	(28,910)	(47,434)
Class L Preference Amount		(28,377)		(111,282)
Net Loss Attributable to Common Stockholders	(34,214)	(45,234)	(28,910)	(158,716)
Allocation of Net Income (Loss) to Common Stockholders-Basic and Diluted	$ (34,214)	$ (45,234)	$ (28,910)	$ (158,716)
Net Income (Loss) Per Share-Basic and Diluted	$ (0.46)	$ (0.12)	$ (0.39)	$ (0.34)
Weighted Average Number of Shares-Basic and Diluted	74,218	373,976	73,943	468,226
Class L Common Stock
COSTS AND EXPENSES:
Allocation of Net Income (Loss) to Common Stockholders-Basic and Diluted		$ 28,377		$ 111,282
Net Income (Loss) Per Share-Basic and Diluted		$ 8.04		$ 23.95
Weighted Average Number of Shares-Basic and Diluted		3,530		4,647

Condensed Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 01, 2014	Nov. 02, 2013	Nov. 01, 2014	Nov. 02, 2013
Net Loss	$ (34,214)	$ (16,857)	$ (28,910)	$ (47,434)
Other Comprehensive Loss, Net of Tax:
Unrealized Losses on Interest Rate Cap Contracts, net of Related Tax Benefit of $0.5 million for the three and nine months ended November 1, 2014	(745)		(745)
Comprehensive Loss	$ (34,959)	$ (16,857)	$ (29,655)	$ (47,434)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

Condensed Consolidated Statements of Comprehensive Loss (Parenthetical) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Nov. 01, 2014	Nov. 01, 2014
Unrealized Losses on Interest Rate Cap Contracts, Tax Benefit	$ (0.5)	$ (0.5)

Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands

9 Months Ended

Nov. 01, 2014

Nov. 02, 2013

OPERATING ACTIVITIES

Net Loss

$ (28,910)

$ (47,434)

Adjustments to Reconcile Net Loss to Net Cash Provided by Operating Activities:

Depreciation and Amortization

124,341

126,310

Amortization of Deferred Financing Costs

5,303

7,252

Accretion of Senior Notes

1,358

2,382

Deferred Income Tax (Benefit)

(29,764)

(11,830)

Non-Cash Loss on Extinguishment of Debt-Write-off of Deferred Financing Costs and Original Issue Discount

27,687

466

Non-Cash Stock Compensation Expense

^[1]

4,616

8,202

Non-Cash Rent Expense

(13,819)

(6,859)

Deferred Rent Incentives

21,673

19,171

Excess Tax Benefit from Stock Based Compensation

(9,144)

Insurance Recoveries

2,391

Changes in Assets and Liabilities:

Accounts Receivable

(19,967)

(9,765)

Merchandise Inventories

(179,828)

(222,236)

Prepaid and Other Current Assets

(40,372)

(23,235)

Accounts Payable

223,523

207,993

Other Current Liabilities

(979)

29,561

Other Long Term Assets and Long Term Liabilities

1,282

Other

1,504

860

Net Cash Provided by Operating Activities

88,504

83,281

INVESTING ACTIVITIES

Cash Paid for Property and Equipment

(164,525)

(122,247)

Proceeds from Sale of Property and Equipment and Assets Held for Sale

161

181

Restricted Cash Deposits with Trustee

(230,759)

Net Cash Used in Investing Activities

(164,364)

(352,825)

FINANCING ACTIVITIES

Proceeds from Long Term Debt-ABL Line of Credit

728,300

706,800

Principal Payments on Long Term Debt-ABL Line of Credit

(523,100)

(668,800)

Proceeds from Long Term Debt- Term B-3 Loans

1,194,000

Proceeds from Long Term Debt-Holdco Notes

343,000

Principal Payments on Long Term Debt-Holdco Notes

(128,223)

Principal Payments on Long Term Debt-Senior Notes

(450,000)

Cash Payments for Interest Rate Cap Contracts

(4,478)

Repayment of Capital Lease Obligations

(737)

(684)

Payment of Dividends

(336,000)

Purchase of Treasury Shares

(3,086)

Proceeds from Stock Option Exercises

1,585

2,531

Excess Tax Benefit from Stock Based Compensation

9,144

Deferred Financing Costs

(13,585)

(22,126)

Proceeds from Initial Public Offering

260,667

Offering Costs

(23,268)

Net Cash (Used in) Provided by Financing Activities

(27,687)

257,765

Decrease in Cash and Cash Equivalents

(103,547)

(11,779)

Cash and Cash Equivalents at Beginning of Period

132,984

Cash and Cash Equivalents at End of Period

29,437

31,557

Supplemental Disclosure of Cash Flow Information:

Interest Paid

83,849

96,613

Income Tax Payments - Net

72,670

2,029

Accretion of Class L Preferred Return

104,860

Non-Cash Investing Activities:

Accrued Purchases of Property and Equipment

26,865

21,848

Acquisition of Capital Lease

5,621

887

Term B-2 Loans

FINANCING ACTIVITIES

Principal Payments on Long Term Debt

(834,507)

$ (4,355)

Term B-3 Loans

FINANCING ACTIVITIES

Principal Payments on Long Term Debt

$ (3,000)

[1]

For the three and nine months ended November 1, 2014, the tax benefit related to the Company's non-cash stock compensation was approximately $0.6 million and $1.9 million, respectively. For the three and nine months ended November 2, 2013, the tax benefit related to the Company's non-cash stock compensation was approximately $1.0 million and $3.2 million, respectively.

Summary of Significant Accounting Policies

9 Months Ended

Nov. 01, 2014

Summary of Significant Accounting Policies

1. Summary of Significant Accounting Policies

Basis of Presentation

As of November 1, 2014, Burlington Stores, Inc. and its subsidiaries (the Company), a Delaware Corporation, through its indirect subsidiary Burlington Coat Factory Warehouse Corporation (BCFWC), operated 539 retail stores, inclusive of an internet store.

These unaudited Condensed Consolidated Financial Statements include the accounts of Burlington Stores, Inc. and its subsidiaries. All inter-company accounts and transactions have been eliminated in consolidation. The Condensed Consolidated Financial Statements are unaudited, but in the opinion of management reflect all adjustments (which are of a normal and recurring nature) necessary for the fair presentation of the results of operations for the interim periods presented. Certain information and note disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) have been condensed or omitted. It is suggested that these Condensed Consolidated Financial Statements be read in conjunction with the audited Consolidated Financial Statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended February 1, 2014 (Fiscal 2013 10-K). The balance sheet at February 1, 2014 presented herein has been derived from the audited Consolidated Financial Statements contained in the Fiscal 2013 10-K. Because the Company’s business is seasonal in nature, the operating results for the three and nine month periods ended November 1, 2014 are not necessarily indicative of results for the fiscal year ending January 31, 2015 (Fiscal 2014).

Accounting policies followed by the Company are described in Note 1 to the Fiscal 2013 10-K, “Summary of Significant Accounting Policies.”

In February 2013, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 2013-02, “Comprehensive Income” (ASU 2013-02). ASU 2013-02 requires companies to disclose the following: (i) for items reclassified out of accumulated other comprehensive income (loss) and into earnings in their entirety, the effect of the reclassification on each affected income statement line item; and (ii) for accumulated other comprehensive income (loss) reclassification items that are not reclassified in their entirety into net income, a cross reference to other required U.S. GAAP disclosures. The new standard was required to be applied prospectively. Other than additional disclosure, the adoption of the new standard did not have an impact on the Company’s financial position or results of operations.

In July 2013, the FASB issued Accounting Standards Update No. 2013-11, “Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists” (ASU 2013-11). ASU 2013-11 states that an unrecognized tax benefit should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward or a tax credit carryforward, if available at the reporting date under the applicable tax law to settle any additional income taxes that would result from the disallowance of a tax position. If the tax law of the applicable jurisdiction does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the financial statements as a liability. The amendments in ASU 2013-11 became effective for fiscal years, and interim periods within those years, beginning after December 15, 2013 and did not have a material impact on the Company’s financial position or results of operations.

In April 2014, the FASB issued Accounting Standards Update No. 2014-08, “Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity” (ASU 2014-08). ASU 2014-08 is aimed at reducing the frequency of disposals reported as discontinued operations by focusing on strategic shifts that have or are expected to have a major effect on an entity’s operations and financial results. Such a shift could include the disposal of a major line of business, a major geographical area, a major equity method investment or other major parts of the entity. ASU 2014-08 also permits companies to have continuing cash flows and significant continuing involvement with the disposed component. ASU 2014-08 requires expanded disclosures for discontinued operations and new disclosures for individually material disposals that do not meet the definition of a discontinued operation. The Company has early adopted ASU 2014-08 effective February 2, 2014. ASU 2014-08 did not have a material impact on the Company’s financial position or results of operations.

In May 2014, the FASB issued Accounting Standards Update No. 2014-09, “Revenue from Contracts with Customers” (ASU 2014-09). It outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. The core principle of the revenue model is that “an entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services.” ASU 2014-09 is effective for annual periods beginning after December 15, 2016 and interim periods within those annual periods. The Company is still assessing the impact of the adoption to the Company’s financial position or results of operations.

There were no other new accounting standards that had a material impact on the Company’s Condensed Consolidated Financial Statements during the nine month period ended November 1, 2014, and there were no other new accounting standards or pronouncements that were issued but not yet effective as of November 1, 2014 that the Company expects to have a material impact on its financial position or results of operations upon becoming effective.

Initial Public Offering

On October 7, 2013, the Company completed its initial public offering (the Offering) whereby 15,333,333 shares of common stock were sold to the public. Prior to the Offering, each outstanding share of Class A common stock was automatically cancelled and then each outstanding share of Class L common stock was automatically converted into one share of Class A common stock. The Company then effected an 11-for-1 split of Class A common stock and then reclassified Class A common stock into common stock. Collectively, these transactions are referred to as the Reclassification. Unless otherwise indicated, all share data presented within these Condensed Consolidated Financial Statements gives effect to the stock split.

Secondary Offerings

On May 6, 2014, the Company closed a secondary public offering of its common stock, in which 12,000,000 shares of common stock were sold by certain of the Company’s stockholders. In connection with the May 6, 2014 offering, the selling stockholders granted the underwriters, and the underwriters subsequently exercised, an option to purchase 1,800,000 additional shares of common stock. In addition, on October 10, 2014, the Company closed a secondary public offering of its common stock in which 8,000,000 shares of common stock were sold by certain of the Company’s stockholders. Collectively, the May 6, 2014 and October 6, 2014 transactions are referred to as the Secondary Offerings. All of the shares sold in the Secondary Offerings were offered by selling stockholders. The Company did not receive any of the proceeds from the Secondary Offerings. The Company incurred $0.5 million and $1.3 million in offering costs related to the Secondary Offerings during the three and nine months ended November 1, 2014, respectively, which are included in the line item “Costs Related to Debt Amendments, Secondary Offerings, Termination of Advisory Agreement and Other” on the Company’s Condensed Consolidated Statements of Operations.

Reclassification

Certain reclassifications have been made to prior year financial statements to conform with the current period presentation.

Stockholders' Deficit

9 Months Ended

Nov. 01, 2014

Stockholders' Deficit

2. Stockholders’ Deficit

Activity in the Company’s stockholders’ deficit for the nine month periods ended November 1, 2014 and November 2, 2013 are summarized below:


	*(in thousands, except share data)*
	Common Stock				Additional Paid-in Capital		Accumulated Deficit			Accumulated Other Comprehensive Loss			Treasury Stock						Total
	Shares		Amount		Additional Paid-in Capital		Accumulated Deficit			Accumulated Other Comprehensive Loss			Shares			Amount			Total
Balance at February 1, 2014		74,218,275	$	7	$	1,346,259	$	(1,492,409	)	$	—			(531,751	)	$	(4,325	)	$	(150,468	)
Net Loss		—		—		—		(28,910	)		—			—			—			(28,910	)
Stock Options Exercised and Related Tax Benefit of $9.1 million		914,067		—		10,728		—			—			—			—			10,728
Shares Used for Tax Withholding		—		—		—		—			—			(119,859	)		(3,086	)		(3,086	)
Issuance of Restricted Shares, net of Forfeitures of 1,250 Restricted Shares, and Stock Option Compensation		109,382		—		4,616		—			—			—			—			4,616
Unrealized Losses on Interest Rate Cap Contracts, net of Related Tax Benefit of $0.5 million.		—		—		—		—			(745	)		—			—			(745	)

Balance at November 1, 2014		75,241,724	$	7	$	1,361,603	$	(1,521,319	)	$	(745	)		(651,610	)	$	(7,411	)	$	(167,865	)


	*(in thousands, except share data)*
	Common Stock						Additional Paid-in Capital			Accumulated Deficit			Accumulated Other Comprehensive Loss		Treasury Stock
	Shares			Amount			Additional Paid-in Capital			Accumulated Deficit			Accumulated Other Comprehensive Loss		Shares			Amount			Total
Balance at February 2, 2013		517,979,682		$	47		$	—		$	(1,109,501	)	$	—		(4,812,588	)	$	(4	)	$	(1,109,458	)
Net Loss		—			—			—			(47,434	)		—		—			—			(47,434	)
Accretion of Class L Preferred Return		—			—			(8,202	)		(96,658	)		—		—			—			(104,860	)
Stock Options Exercised and Related Tax Benefits		11,641,212			1			—			—			—		—			—			1
Issuance of Restricted Shares and Stock Option		—			—			8,202			—			—		—			—			8,202
Dividend		—			—			—			(302,400	)		—		—			—			(302,400	)
Other		(115,533	)		—			—			—			—		—			—			—
Cancellation of Class A Shares		(529,505,361	)		(48	)		—			—			—		4,812,588			4			(44	)
Conversion of Class L Stock to common stock (a)		58,830,948			6			1,107,338			—			—		(531,751	)		(4,325	)		1,103,019
Initial Public Offering		15,333,333			1			237,189			—			—		—			—			237,190

Balance at November 2, 2013		74,164,281		$	7		$	1,344,527		$	(1,555,993	)	$	—		(531,751	)	$	(4,325	)	$	(215,784	)

(a)	Immediately prior to the Reclassification, the Company had 5,348,268 and 5,299,927 shares of Class L common stock issued and outstanding. 58,830,948 shares of common stock were issued and outstanding immediately after the Reclassification.

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(d),(e))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21484-112644

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-Paragraph 2
-Subparagraph (SAB TOPIC 4.E)
-URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74512-122707

Reference 4: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21488-112644

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.29-31)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Preferred Stock
-URI http://asc.fasb.org/extlink&oid=6521494

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21564-112644

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Paragraph d
-Article 4

Reference 15: http://www.xbrl.org/2003/role/presentationRef
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-Name Regulation S-X (SX)
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-Section 02
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Reference 16: http://www.xbrl.org/2003/role/presentationRef
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Reference 17: http://www.xbrl.org/2003/role/presentationRef
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Reference 18: http://www.xbrl.org/2003/role/presentationRef
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Reference 19: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Article 3

+ Details

Restricted Cash and Cash Equivalents

9 Months Ended

Nov. 01, 2014

Restricted Cash and Cash Equivalents

3. Restricted Cash and Cash Equivalents

At November 1, 2014 and February 1, 2014, restricted cash and cash equivalents consisted of $32.1 million of collateral in a money market fund for certain insurance contracts. At November 2, 2013, restricted cash and cash equivalents consisted of $34.8 million of collateral in a money market fund for certain insurance contracts and $230.8 million of cash in an account with the trustee for the redemption of the Holdco Notes as defined in Note 4, “Long Term Debt.” The Company has the ability to convert the restricted cash related to collateral for certain insurance contracts to a letter of credit at any time, which would reduce available borrowings on the Company’s ABL Line of Credit by a like amount. Refer to Note 4 for further details of the redemption of the Holdco Notes.

Long Term Debt

9 Months Ended

Nov. 01, 2014

Long Term Debt

4. Long Term Debt

Long term debt consists of:


	*(in thousands)*
	November 1, 2014			February 1, 2014			November 2, 2013
$1,200,000 Senior Secured Term Loan Facility (Term B-3 Loans), LIBOR (with a floor of 1.0%) plus 3.25%, matures on August 13, 2021	$	1,191,194		$	—		$	—
$1,000,000 Senior Secured Term Loan Facility (Term B-2 Loans), LIBOR (with a floor of 1.0%) plus 3.25%, redeemed on August 13, 2014		—			828,839			860,327
$450,000 Senior Notes, 10%, redeemed on August 13, 2014		—			450,000			450,000
$350,000 Senior Notes, 9% / 9.75%, redeemed on August 13, 2014		—			126,147			343,983
$600,000 ABL Senior Secured Revolving Facility, LIBOR plus spread based on average outstanding balance, expires August 13, 2019		205,200			—			38,000
Capital Lease Obligations		27,719			23,199			23,435

Total Debt		1,424,113			1,428,185			1,715,745
Less: Current Maturities		(13,275	)		(59,026	)		(231,460	)

Long Term Debt, Net of Current Maturities	$	1,410,838		$	1,369,159		$	1,484,285

On April 4, 2014, Burlington Holdings, LLC (Holdings LLC) and Burlington Holdings Finance, Inc. redeemed $58.0 million aggregate principal amount of the $350.0 million aggregate principal amount of Senior Notes due 2018 (Holdco Notes). In accordance with ASC Topic No. 405-20, “Extinguishments of Liabilities” (Topic No. 405), the Company recognized a loss on the extinguishment of long-term debt of $3.6 million representing $1.2 million in redemption premiums and the write off of $1.5 million and $0.9 million in deferred financing costs and unamortized original issue discount, respectively, which was recorded in the line item “Loss on Extinguishment of Debt” in the Company’s Condensed Consolidated Statements of Operations.

On August 13, 2014, the Company completed the refinancing of its $1,000.0 million Senior Secured Term Loan Facility (Term Loan Facility), 10% Senior Notes due 2019 at an issue price of 100% (the Senior Notes), Holdco Notes and $600.0 million senior secured asset-based revolving credit facility (the ABL Line of Credit). As a result of these transactions, the Senior Notes and Holdco Notes, with carrying values of $450.0 million and $70.2 million, respectively, at August 13, 2014 were redeemed in full. Additionally, the $830.6 million principal amount of term B-2 loans (Term B-2 Loans) outstanding on the Term Loan Facility at August 13, 2014 was replaced with $1,200.0 million principal amount of term B-3 loans (Term B-3 Loans). Borrowings on our ABL Line of Credit related to these transactions were $217.0 million. In accordance with Topic No. 405, the Company recognized a loss on the extinguishment of debt of $70.3 million during the third quarter of Fiscal 2014, representing $45.1 million in redemption premiums and the write off of $19.5 million and $5.7 million in deferred financing costs and unamortized original issue discount, respectively, which was recorded in the line item “Loss on Extinguishment of Debt” in the Company’s Condensed Consolidated Statements of Operations. The Company incurred new deferred financing fees of $13.6 million as a result of these transactions.

Term Loan Facility

On August 13, 2014 (the Closing Date), BCFWC entered into Amendment No. 4 (the Fourth Amendment) to the Term Loan Credit Agreement (as amended by the Fourth Amendment, the Amended Term Loan Credit Agreement).

The parties to the Term Loan Credit Agreement entered into the Fourth Amendment in order to, among other things, (i) increase the available incremental amount from $150.0 million to $400.0 million plus unlimited amounts so long as BCFWC’s pro forma consolidated secured leverage ratio does not exceed 3.50 to 1.00, (ii) remove the following financial performance covenants: (a) consolidated leverage ratio, (b) consolidated interest ratio and (c) capital expenditures, and (iii) give BCFWC and its restricted subsidiaries additional flexibility to make investments, restricted payments (including dividends), incur additional debt, grant liens and otherwise comply with its covenants under the Amended Term Loan Credit Agreement. The interest rate margin applicable under the Amended Term Loan Credit Agreement is 3.25% in the case of loans drawn at LIBOR and 2.25% in the case of loans drawn under the prime rate (as determined by the Term Loan Facility Administrative Agent). The Fourth Amendment removed the variable pricing mechanism that was formerly in place, which was based on BCFWC’s pro forma consolidated secured leverage ratio.

The Term B-3 Loans will mature on August 13, 2021, seven years after the Closing Date. Mandatory quarterly payments of $3.0 million are payable as of the last day of each quarter beginning with the quarter ended November 1, 2014.

Interest rates for the Term Loan Facility are based on: (i) for LIBOR rate loans for any interest period, at a rate per annum equal to the greater of (x) the LIBOR rate, as determined by the Term Loan Facility Administrative Agent, for such interest period multiplied by the Statutory Reserve Rate (as defined in the Term Loan Credit Agreement) and (y) 1.00% (the Term Loan Adjusted LIBOR Rate), plus an applicable margin; and (ii) for prime rate loans, a rate per annum equal to the highest of (a) the variable annual rate of interest then announced by JPMorgan Chase Bank, N.A. at its head office as its “prime rate,” (b) the federal funds rate in effect on such date plus 0.50% per annum, and (c) the Term Loan Adjusted LIBOR Rate for the applicable class of term loans for one-month plus 1.00%, plus, in each case, an applicable margin. At November 1, 2014 and November 2, 2013, the Company’s borrowing rates related to the Term Loan Facility were 4.25%.

ABL Line of Credit

Also on the Closing Date, BCFWC entered into a First Amendment (the ABL Amendment) to the Second Amended and Restated Credit Agreement, dated September 2, 2011 (as amended, supplemented and otherwise modified, the Amended ABL Credit Agreement), governing BCFWC’s existing senior secured asset-based revolving credit facility (the ABL Line of Credit).

The parties to the Amended ABL Credit Agreement have entered into the ABL Amendment in order to, among other things, give BCFWC and certain of its subsidiaries additional flexibility to make investments, restricted payments (including dividends), incur additional debt, grant liens and otherwise comply with its covenants under the Amended ABL Credit Agreement. The interest rate margin applicable under the Amended ABL Credit Agreement in the case of loans drawn at LIBOR was reduced from 1.75% - 2.25% (based on total commitments or borrowing base availability) to 1.25% - 1.50% (based on total commitments or borrowing base availability). The fee on the average daily balance of unused loan commitments is 0.25%. The ABL Line of Credit is collateralized by a first lien on the Company’s inventory and receivables and a second lien on the Company’s real estate and property and equipment.

The ABL Line of Credit will mature on August 13, 2019, five years after the Closing Date.

At November 1, 2014, the Company had $346.3 million available under the Amended ABL Line of Credit and $205.2 million of outstanding borrowings. The maximum borrowings under the facility during the three and nine month periods ended November 1, 2014 amounted to $297.0 million. Average borrowings during the three and nine month periods ended November 1, 2014 amounted to $226.5 million and $83.8 million, respectively, at average interest rates of 1.7%.

At November 2, 2013, the Company had $521.2 million available under the ABL Line of Credit and $38.0 million outstanding borrowings. The maximum borrowings under the facility during the three and nine month periods ended November 2, 2013 amounted to $148.6 million. Average borrowings during the three and nine month periods ended November 2, 2013 amounted to $81.8 million and $42.9 million, respectively, at average interest rates of 2.1% and 2.2%, respectively. There was no outstanding balance under the ABL Line of Credit at February 1, 2014.

Restructuring and Separation

9 Months Ended

Nov. 01, 2014

Restructuring and Separation

5. Restructuring and Separation

The Company accounts for restructuring and separation costs in accordance with ASC Topic No. 420, “Exit or Disposal Cost Obligations.” There were no severance charges recorded during Fiscal 2014 or during the three months ended November 2, 2013. During the nine months ended November 2, 2013, in an effort to improve workflow efficiencies and realign certain responsibilities, the Company effected a reorganization of certain positions within its field and corporate locations, resulting in severance charges of $2.2 million recorded in the line item “Restructuring and Separation Costs” in the Company’s Condensed Consolidated Statements of Operations.

The table below summarizes the charges and payments related to the Company’s restructuring and separation costs, which are included in the line item “Other Current Liabilities” in the Company’s Condensed Consolidated Balance Sheets as of November 1, 2014 and November 2, 2013:


	*(in thousands)*
	February 1, 2014		Charges		Cash Payments			November 1, 2014
Severance – Separation Cost	$	233	$	—	$	(233	)	$	—


	*(in thousands)*
	February 2, 2013		Charges		Cash Payments			November 2, 2013
Severance – Restructuring	$	—	$	924	$	(889	)	$	35
Severance – Separation Cost		597		1,255		(1,338	)		514

Total	$	597	$	2,179	$	(2,227	)	$	549

Fair Value Measurements

9 Months Ended

Nov. 01, 2014

Fair Value Measurements

6. Fair Value Measurements

The Company accounts for fair value measurements in accordance with ASC Topic No. 820, “Fair Value Measurements and Disclosures,” (Topic No. 820) which defines fair value, establishes a framework for measurement and expands disclosure about fair value measurements. Topic No. 820 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price), and classifies the inputs used to measure fair value into the following hierarchy:


		Level 1:		Quoted prices for identical assets or liabilities in active markets.

		Level 2:		Quoted market prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable.

		Level 3:		Pricing inputs that are unobservable for the assets and liabilities and include situations where there is little, if any, market activity for the assets and liabilities.

The inputs into the determination of fair value require significant management judgment or estimation.

The carrying amounts of cash equivalents, accounts receivable and accounts payable approximate fair value due to the short-term nature of these instruments.

Financial Assets

The Company’s financial assets as of November 1, 2014, February 1, 2014 and November 2, 2013 included cash equivalents and interest rate cap contracts. The Company’s financial assets as of November 2, 2013 also included a note receivable. The Company’s financial liabilities are discussed below.

The Company uses interest rate cap contracts to manage interest rate risk. The fair value of interest rate cap contracts are determined using the market standard methodology of discounted future variable cash receipts. The variable cash receipts are determined using the market standard methodology of discounting the future expected cash receipts that would occur if variable interest rates rise above the strike rate of the caps. The variable interest rates used in the calculation of projected receipts on the cap are based on an expectation of future interest rates derived from observable market interest rate curves and volatilities. In addition, to comply with the provisions of Topic No. 820, credit valuation adjustments, which consider the impact of any credit enhancements to the contracts, are incorporated in the fair values to account for potential nonperformance risk. In adjusting the fair value of its derivative contracts for the effect of nonperformance risk, the Company has considered any applicable credit enhancements such as collateral postings, thresholds, mutual puts, and guarantees.

Although the Company has determined that the majority of the inputs used to value its derivatives fall within Level 2 of the fair value hierarchy, the credit valuation adjustments associated with its derivatives utilize Level 3 inputs, such as estimates of current credit spreads to evaluate the likelihood of default by its counterparties. However, as of November 1, 2014 and November 2, 2013, the Company has assessed the significance of the impact of the credit valuation adjustments on the overall valuation of its derivative positions and has determined that the credit valuation adjustment is not significant to the overall valuation of its derivative portfolios. As a result, the Company classifies its derivative valuations in Level 2 of the fair value hierarchy.

The fair value of the note receivable was based on a discounted cash flow analysis whose inputs are unobservable, and therefore it fell within Level 3 of the fair value hierarchy.

The fair values of the Company’s financial assets and the hierarchy of the level of inputs are summarized below:


	*(in thousands)*
	Fair Value Measurements at
	November 1, 2014		February 1, 2014		November 2, 2013
Assets:
Level 1
Cash equivalents (including restricted cash)	$	32,349	$	32,324	$	265,770
Level 2
Interest rate cap contracts(a)	$	3,237	$	1	$	2
Level 3
Note Receivable(b)	$	—	$	—	$	385

(a)	Included in “Other Assets” within the Company’s Condensed Consolidated Balance Sheets as of November 1, 2014, February 1, 2014 and November 2, 2013. Refer to Note 7, “Derivative Instruments and Hedging Activities,” for further discussion regarding the Company’s interest rate cap contracts.

(b)	As of November 2, 2013, this note receivable was included in “Prepaid and Other Current Assets” on the Company’s Condensed Consolidated Balance Sheets. This note was paid in full during the fourth quarter of Fiscal 2013.

Financial Liabilities

The fair value of the Company’s debt as of November 1, 2014, February 1, 2014 and November 2, 2013 is noted in the table below:


	*(in thousands)*
	November 1, 2014				February 1, 2014				November 2, 2013
	Carrying Amount (b)		Fair Value (b)		Carrying Amount (b)		Fair Value (b)		Carrying Amount (b)		Fair Value (b)
$1,200,000 Senior Secured Term Loan Facility (Term B-3 Loans), LIBOR (with a floor of 1.0%) plus 3.25%, matures on August 13, 2021	$	1,191,194	$	1,185,715	$	—	$	—	$	—	$	—
$1,000,000 Senior Secured Term Loan Facility (Term B-2 Loans), LIBOR (with a floor of 1.0%) plus 3.25%, redeemed on August 13, 2014		—		—		828,839		836,091		860,327		866,048
$450,000 Senior Notes, 10%, redeemed on August 13, 2014		—		—		450,000		501,458		450,000		503,168
$350,000 Senior Notes, 9% / 9.75%, redeemed on August 13, 2014		—		—		126,147		128,512		343,984		351,500
$600,000 ABL Senior Secured Revolving Facility, LIBOR plus spread based on average outstanding balance, expires August 13, 2019 (a)		205,200		205,200		—		—		38,000		38,000

Total debt	$	1,396,394	$	1,390,915	$	1,404,986	$	1,466,061	$	1,692,311	$	1,758,716

(a)	To the extent the Company has any outstanding borrowings under the ABL Line of Credit, the fair value would approximate its reported value because the interest rate is variable and reflects current market rates.

(b)	Capital lease obligations are excluded from the table above.

The fair values presented herein are based on pertinent information available to management as of the respective period end dates. The estimated fair values of the Company’s debt are classified as Level 2 in the fair value hierarchy. Although management is not aware of any factors that could significantly affect the estimated fair value amounts, such amounts have not been comprehensively revalued for purposes of these Condensed Consolidated Financial Statements since November 1, 2014, and current estimates of fair value may differ from amounts presented herein.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Derivative Instruments and Hedging Activities

9 Months Ended

Nov. 01, 2014

Derivative Instruments and Hedging Activities

7. Derivative Instruments and Hedging Activities

The Company accounts for derivatives and hedging activities in accordance with ASC Topic No. 815 “Derivatives and Hedging” (Topic No. 815). Topic No. 815 provides the disclosure requirements for derivatives and hedging activities with the intent to provide users of financial statements with an enhanced understanding of: (i) how and why an entity uses derivative instruments, (ii) how the entity accounts for derivative instruments and related hedged items, and (iii) how derivative instruments and related hedged items affect an entity’s financial position, financial performance, and cash flows. Further, qualitative disclosures are required that explain the Company’s objectives and strategies for using derivatives, as well as quantitative disclosures about the fair value of and gains and losses on derivative instruments, and disclosures about credit-risk-related contingent features in derivative instruments.

As required by Topic No. 815, the Company records all derivatives on the balance sheet at fair value and adjusts to market on a quarterly basis. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether the Company has elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. Derivatives designated and qualifying as a hedge of the exposure to variability in expected future cash flows, or other types of forecasted transactions, are considered cash flow hedges. Hedge accounting generally provides for the matching of the timing of gain or loss recognition on the hedging instrument with the earnings effect of the hedged forecasted transactions in a cash flow hedge. The Company may enter into derivative contracts that are intended to economically hedge certain of its risk, even though hedge accounting does not apply or the Company elects not to apply hedge accounting.

In accordance with Topic No. 820, the Company made an accounting policy election to measure the credit risk of its derivative financial instruments that are subject to master netting agreements on a net basis by counterparty portfolio. Because the Company’s only derivatives are interest rate cap contracts that can only be assets to the Company, there is no impact of netting under the master netting arrangements.

The Company is exposed to certain risks arising from both its business operations and economic conditions. The Company principally manages its exposures to a wide variety of business and operational risks through management of its core business activities. The Company manages economic risks, including interest rate, liquidity, and credit risk primarily by managing the amount, sources, and duration of its debt funding and the use of derivative financial instruments. Specifically, the Company enters into derivative financial instruments to manage exposures that arise from business activities that result in the payment of future known and uncertain cash amounts, the value of which are determined by interest rates. The Company’s derivative financial instruments are used to manage differences in the amount, timing, and duration of the Company’s known or expected cash payments principally related to the Company’s borrowings.

Cash Flow Hedges of Interest Rate Risk

The Company’s objectives in using interest rate derivatives are to add stability to interest expense and to manage its exposure to interest rate movements. To accomplish this objective, the Company primarily uses interest rate caps as part of its interest rate risk management strategy. Interest rate caps designated as cash flow hedges involve the receipt of variable amounts from a counterparty if interest rates rise above the strike rate on the contract in exchange for an up-front premium. On August 19, 2014, the Company entered into four interest rate cap contracts which were designated as cash flow hedges.

The effective portion of changes in the fair value of derivatives designated and that qualify as cash flow hedges is recorded in Accumulated Other Comprehensive Loss on the Company’s Condensed Consolidated Balance Sheets and is subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. During 2014, such derivatives were used to hedge the variable cash flows associated with existing (or anticipated) variable-rate debt. The ineffective portion of the change in fair value of the derivatives is recognized directly in earnings. The Company did not record any hedge ineffectiveness in its earnings during the three months ended November 1, 2014.

Amounts reported in Accumulated Other Comprehensive Loss related to derivatives will be reclassified to interest expense as interest payments are made on the Company’s variable-rate debt. There were no amounts reclassified to interest expense during the three months ended November 1, 2014. The Company does not expect to reclassify any amounts to interest expense during the remainder of Fiscal 2014. During the next twelve months, the Company estimates that approximately $0.1 million will be reclassified as an increase to interest expense.

As of November 1, 2014, the Company had the following outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk:

Interest Rate Derivative

Notional Principal
Amount

Interest
Cap
Rate

Effective Date

Maturity Date

Interest Rate Cap Contracts

387.5 million

3.0

August 29, 2014

February 28, 2017

Interest Rate Cap Contracts

387.5 million

3.0

August 31, 2014

February 28, 2017

Interest Rate Cap Contracts

340.0 million

4.0

February 28, 2017

February 28, 2019

Interest Rate Cap Contracts

340.0 million

4.0

February 28, 2017

February 28, 2019

Non-designated Hedges

Derivatives not designated as hedges are not speculative and are used to manage the Company’s exposure to interest rate movements and other identified risks but do not meet the strict hedge accounting requirements or the Company elected not to designate these derivatives as hedges. Changes in the fair value of derivatives not designated in hedging relationships are recorded directly in earnings. As of November 1, 2014, the Company had the following outstanding derivatives that were not designated as hedges in qualifying hedging relationships:

Interest Rate Derivative

Number of
Instruments

Aggregate Notional
Principal Amount

Interest
Cap
Rate

Maturity Date

Interest Rate Cap Contracts

Two

900.0 million

7.0

May 31, 2015

Tabular Disclosure

The tables below presents the fair value of the Company’s derivative financial instruments on a gross basis as well as their classification on the Company’s Condensed Consolidated Balance Sheets:

(in thousands)

Fair Values of Derivative Instruments

Asset Derivatives

November 1, 2014

February 1, 2014

November 2, 2013

Derivatives Designated as Hedging Instruments

Balance
Sheet
Location

Fair
Value

Balance
Sheet
Location

Fair
Value

Balance
Sheet
Location

Fair
Value

Interest Rate Cap Contracts

Other Assets

3,237

Other Assets

—

Other Assets

—

Derivatives Not Designated as Hedging Instruments

Balance
Sheet
Location

Fair
Value

Balance
Sheet
Location

Fair
Value

Balance
Sheet
Location

Fair
Value

Interest Rate Cap Contracts

Other Assets

—

Other Assets

The table below presents the amounts of losses recognized in other comprehensive loss, net of taxes, and the classifications and amounts of losses reclassified into earnings of the Company’s derivative instruments designated as cash flow hedging instruments for each of the reporting periods.


	*(in thousands)*
	Amount of Loss Recognized in Other Comprehensive Loss Related to Derivatives								Amount of Loss Reclassified from Other Comprehensive Loss into Earnings Related to Derivatives
Derivatives Designated as Hedging Instruments	Three Months Ended				Nine Months Ended				Three Months Ended				Nine Months Ended
Derivatives Designated as Hedging Instruments	November 1, 2014		November 2, 2013		November 1, 2014		November 2, 2013		November 1, 2014		November 2, 2013		November 1, 2014		November 2, 2013		Component of Earnings
Interest Rate Cap Contracts	$	745	$	—	$	745	$	—	$	—	$	—	$	—	$	—		Interest Expense

The table below presents the classifications and amounts of losses recognized within our statements of operations for the Company’s derivative instruments not designated as hedging instruments for each of the reporting periods.


		*(in thousands)*
		Amount of Loss Recognized in Earnings Related to Derivatives
		Three Months Ended				Nine Months Ended
Derivatives Not Designated as Hedging Instruments	Location of Loss Recognized in Earnings Related to Derivatives	November 1, 2014		November 2, 2013		November 1, 2014		November 2, 2013
Interest Rate Cap Contracts	Interest Expense	$	—	$	13	$	1	$	67

- Definition

The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 30
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6441202&loc=d3e80720-113993

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5624171-113959

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=35706170&loc=d3e41620-113959

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5624163-113959

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5579240-113959

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-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5624177-113959

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 30
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=35736893&loc=d3e80784-113994

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5579245-113959

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4H
-URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5624258-113959

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 30
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=35736893&loc=d3e80748-113994

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-URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5708773-113959

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-Name Accounting Standards Codification
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+ Details

Accumulated Other Comprehensive Loss

9 Months Ended

Nov. 01, 2014

Accumulated Other Comprehensive Loss

8. Accumulated Other Comprehensive Loss

Amounts included in accumulated other comprehensive loss are recorded net of the related income tax effects. The following table details the changes in accumulated other comprehensive loss for the related periods:


	*(in thousands)*
	Derivative Instruments		Total
Balance at February 1, 2014	$	—	$	—
Unrealized Losses on Interest Rate Cap Contracts, net of Related Tax Benefit of $0.5 million		745		745

Balance at November 1, 2014	$	745	$	745

- Definition

The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=6522872

+ Details

Income Taxes

9 Months Ended

Nov. 01, 2014

Income Taxes

9. Income Taxes

Net deferred taxes are as follows:


	*(in thousands)*
	November 1, 2014		February 1, 2014		November 2, 2013
Current Deferred Tax Asset	$	18,216	$	13,475	$	14,209
Non-Current Deferred Tax Liability		217,189		242,708		249,585

Net Deferred Tax Liability	$	198,973	$	229,233	$	235,376

Current deferred tax assets consisted primarily of certain operating costs and inventory related costs not currently deductible for tax purposes. Non-current deferred tax liabilities primarily relate to rent expense, intangible assets, and depreciation expense where the Company has a future obligation for tax purposes.

In accordance with ASC Topic No. 270, Interim Reporting (Topic No. 270), and ASC Topic No. 740, Income Taxes (Topic No. 740), at the end of each interim period the Company is required to determine the best estimate of its annual effective tax rate and then apply that rate in providing for income taxes on a current year-to-date (interim period) basis. As of November 1, 2014 and November 2, 2013, the Company’s best estimate of its annual effective income tax rate was 40.8% and 38.6%, respectively (before discrete items). The increase in our annual effective tax rate was primarily driven by certain hiring credits available during Fiscal 2013 that have not been legislatively approved for Fiscal 2014.

As of November 1, 2014, February 1, 2014 and November 2, 2013, valuation allowances amounted to $5.7 million, $5.7 million and $5.8 million, respectively, primarily related to state tax net operating losses. The Company believes that it is more likely than not that a portion of the benefit of the state tax net operating losses will not be realized. As of November 1, 2014, the Company has $7.6 million of deferred tax assets recorded for state net operating losses of which $5.7 million will expire between 2013 and 2025.

In addition, management also determined that a full valuation allowance of $3.8 million, $3.4 million and $2.1 million were required against the tax benefit associated with Puerto Rico deferred tax assets as of November 1, 2014, February 1, 2014 and November 2, 2013, respectively.

Capital Stock

9 Months Ended

Nov. 01, 2014

Capital Stock

10. Capital Stock

Treasury Stock

The Company accounts for treasury stock under the cost method.

During the first quarter of Fiscal 2014, the Company acquired 119,859 shares of common stock from employees for $3.1 million (average of $25.75 per share) to satisfy their tax withholdings related to the exercise of stock options. These shares are considered treasury shares which are available for reissuance under the 2006 Management Incentive Plan.

Dividend

During the first quarter of Fiscal 2013, the Board of Directors declared an aggregate dividend in the amount of $336.0 million ($5.89 per unit), payable to the then holders of the Company’s common stock.

Net Loss Per Share

9 Months Ended

Nov. 01, 2014

Net Loss Per Share

11. Net Loss Per Share

Immediately prior to the Reclassification, net income (loss) per share was calculated using the two-class method, which is an earnings allocation formula that determined net income (loss) per share for the holders of Class A common stock and the holders of Class L common stock. Holders of Class L shares contained participation rights with respect to certain distributions, as defined.

The numerator in calculating Class L basic and diluted income (loss) per share was the Class L preference amount, as defined above, for all outstanding Class L shares, accrued at 14.5% per annum during the year presented plus, if positive, a pro rata share of an amount equal to consolidated net income less the Class L preference amount.

The numerator in calculating common stock basic income (loss) per share was consolidated net income (loss) less the Class L preference amount. In determining the net income (loss) attributable to common stockholders for computing diluted net income (loss) per share, the Company decreased the income and/or increased the loss to reflect the annual preference amount for dilutive Class L common stock equivalents. This amount did not impact Class L diluted income per share because diluted earnings per share would be increased when taking the dilutive common stock equivalents into account, and thus be antidilutive.

Immediately after the Reclassification, dilutive net income (loss) per share is calculated using the treasury stock method.


	Three Months Ended						Nine Months Ended
	November 1, 2014			November 2, 2013			November 1, 2014			November 2, 2013
Net Loss	$	(34,214	)	$	(16,857	)	$	(28,910	)	$	(47,434	)

Class L Preference Amount	$	—		$	(28,377	)	$	—		$	(111,282	)


	Three Months Ended						Nine Months Ended
	November 1, 2014			November 2, 2013			November 1, 2014			November 2, 2013
Net Loss Attributable to Common Stockholders	$	(34,214	)	$	(45,234	)	$	(28,910	)	$	(158,716	)

Allocation of Net Income (Loss) to Common Stockholders – Basic and Diluted:
Class L Stockholders	$	—		$	28,377		$	—		$	111,282

Common Stockholders	$	(34,214	)	$	(45,234	)	$	(28,910	)	$	(158,716	)

Net Income (Loss) Per Share – Basic and Diluted:
Class L Stockholders	$	—		$	8.04		$	—		$	23.95

Common Stockholders	$	(0.46	)	$	(0.12	)	$	(0.39	)	$	(0.34	)

Weighted Average Number of Shares – Basic and Diluted:
Class L Stockholders		—			3,530			—			4,647

Common Stockholders		74,218			373,976			73,943			468,226

As of November 1, 2014 and November 2, 2013, there were 3,777,194 and 4,655,651 outstanding options to purchase shares of common stock, respectively, and 163,278 and 50,000 shares of unvested restricted stock awards, respectively, that were excluded from diluted earnings per share since their effect was anti-dilutive.

The Company determined the Class L preference amount based upon the Class L diluted common stock multiplied by (i) $81 per share base amount plus (ii) an amount sufficient to generate an internal rate of return equal to 14.5% per annum (compounded quarterly).

Changes in Class L Common Stock

The changes in Class L Common Stock were as follows:


	*(in thousands, except shares)*
	Nine months ended November 2, 2013
	Shares			Amount
Class L Common Stock, February 2, 2013		5,183,506		$	1,029,189
Stock Option Exercised and Related Tax Benefits - Class L Common Stock		117,588			2,531
Issuance/Forfeiture of Restricted Shares and Compensation		—			61
Dividend		—			(33,600	)
Accretion of Class L preferred return		—			104,860
Other		(1,167	)		(22	)
Conversion of Class L Common Stock to Common Stock		(5,299,927	)		(1,103,019	)

Class L Common Stock, November 2, 2013		—		$	—

Accretion of Class L Preferred Return was determined based upon the outstanding shares owned by the Company’s majority stockholder multiplied by (i) $81 per share base amount plus (ii) an amount sufficient to generate an internal rate of return equal to 14.5% per annum (compounded quarterly).

Stock Option and Award Plans and Stock-Based Compensation

9 Months Ended

Nov. 01, 2014

Stock Option and Award Plans and Stock-Based Compensation

12. Stock Option and Award Plans and Stock-Based Compensation

On May 1, 2013, the Company’s Board of Directors approved the Company’s assumption and adoption of the 2006 Management Incentive Plan (the 2006 Plan) that was previously sponsored by Burlington Coat Factory Holdings, LLC. The Company’s 2013 Omnibus Incentive Plan (the 2013 Plan and, together with the 2006 Plan, the Plans) was adopted effective prior to and in connection with the Offering. The 2006 Plan and the 2013 Plan each provide for the granting of stock options, restricted stock and other forms of awards to key employees and directors of the Company or its affiliates. Prior to the Offering, grants made pursuant to the 2006 Plan were comprised of units of the Company’s common stock. Each “unit” consisted of 99 shares of Class A common stock and one share of Class L common stock. Awards previously granted under the 2006 Plan have been retroactively adjusted to reflect the Reclassification.

As of November 1, 2014, there were 10,125,258 shares of common stock authorized for issuance under the 2006 Plan and 6,000,000 shares of common stock authorized for issuance under the 2013 Plan.

Stock Options

The Company accounts for awards issued under the Plans in accordance with ASC Topic No. 718, “Stock Compensation.” Options granted during the nine month period ended November 1, 2014 were all service-based awards and were granted under the 2006 Plan at exercise prices ranging from $27.40 to $38.66 per share. Options granted during the nine month period ended November 2, 2013 were all service-based awards and were granted under the 2006 Plan at an exercise price of $50.00 per unit. All service-based awards granted during the nine months ended November 1, 2014 vest 25% on each of the first four anniversaries of the grant date. The final exercise date for any option granted is the tenth anniversary of the grant date.

During the second quarter of Fiscal 2013, the Company made a special one-time grant under the 2006 Plan to certain members of its management team which resulted in the grant of options to purchase an aggregate of 1,595,000 shares of common stock. These one-time grants vest 20% on each of the first five anniversaries of the Trigger Date. The Trigger Date is defined as the date after the vesting of all other options held by the grantee which were granted to the grantee prior to May 2013 and remain outstanding and unvested as of the date of the one-time grant.

In order to mitigate the impact of the $336.0 million dividend paid in connection with the issuance of the Holdco Notes in February 2013, the Company’s Board of Directors in May 2013 approved a modification to all then outstanding options through a combination of exercise price reductions and cash payments to option holders. The reduction of the exercise prices of each outstanding option was as follows:

•

from $2.78 per unit to $0.79 - $1.65 per unit;

•

from $4.55 per unit to $0.79 per unit;

•

from $5.91 per unit to $0.79 - $0.94 per unit;

•

from $10.91 per unit to $3.17 - $5.02 per unit; and

•

from $10.96 per unit to $3.17 - $5.07 per unit.

The modifications, through a combination of either reduced exercise prices or cash payments, did not affect the existing vesting schedules. The modification, which contemplated the fair value of awards both immediately before and after the modification, resulted in a total of $0.6 million and $2.4 million of incremental compensation expense during the three and nine months ended November 1, 2014, respectively, of which $0.1 million and $0.5 million, respectively is payable in cash. During the three and nine months ended November 2, 2013, the Company recorded $1.8 million and $9.0 million, respectively, of incremental compensation expense, of which $0.3 million and $4.0 million is payable in cash. These costs were recorded in the line item “Stock Option Modification Expense” in the Company’s Condensed Consolidated Statements of Operations. As of November 1, 2014, the Company expects to recognize $3.4 million of incremental compensation expense to be recorded over the remaining vesting periods, of which $0.6 million will be paid in cash.

With the exception of the special one-time grants made during Fiscal 2013, all options awarded pursuant to the 2006 Plan become exercisable upon a change of control as defined in the Stockholders Agreement. The vesting of special one-time grants will not be accelerated in the event of a change of control, provided, however, that in the event that within two years after a change of control, the grantee’s employment is terminated without cause or the grantee resigns with good reason, then an incremental 20% of the special one-time grants shall be deemed vested as of the date of termination of grantee’s employment, but in no event more than the total number of special one-time grants granted to such grantee. Unless determined otherwise by the plan administrator, upon cessation of employment, options that have not vested will terminate immediately (subject to the potential acceleration of special one-time grants in the event of a change of control, as described above) and unexercised vested options will be exercisable for a period of 60 days. The final exercise date for any option granted is the tenth anniversary of the grant date.

Non-cash stock compensation expense is as follows:


	*(in thousands)*
	Three Months Ended				Nine Months Ended
Type of Non-Cash Stock Compensation	November 1, 2014		November 2, 2013		November 1, 2014		November 2, 2013
Stock Option Modification (a)	$	487	$	1,534	$	1,887	$	4,986
Stock Option Grants (b)		730		963		2,201		3,155
Restricted Stock Issuances(b)		247		20		528		61

Total (c)	$	1,464	$	2,517	$	4,616	$	8,202

(a)	Represents non-cash compensation related to the modification of outstanding stock options granted under the 2006 Plan during Fiscal 2013 which is included in the line item “Stock Option Modification Expense” in the Company’s Condensed Consolidated Statements of Operations.

(b)	Included in the line item “Selling, General and Administrative Expenses” in the Company’s Condensed Consolidated Statements of Operations.

(c)

For the three and nine months ended November 1, 2014, the tax benefit related to the Company’s non-cash stock compensation was approximately $0.6 million and $1.9 million, respectively. For the three and nine months ended November 2, 2013, the tax benefit related to the Company’s non-cash stock compensation was approximately $1.0 million and $3.2 million, respectively.

As of November 1, 2014, the Company had 3,777,194 options outstanding to purchase shares of common stock, all of which are service-based awards issued under the 2006 Plan, and there was $12.6 million of unearned non-cash stock-based option compensation, exclusive of the $3.4 million of incremental compensation associated with the modification, that the Company expects to recognize as expense over a weighted average period of 4.3 years. The service-based awards are expensed on a straight-line basis over the requisite service period. As of November 1, 2014, 818,354 outstanding options to purchase shares of common stock under the 2006 Plan had vested. As of November 1, 2014, no options were outstanding under the 2013 Plan.

Stock option transactions during the nine month period ended November 1, 2014 are summarized as follows:


	Number of Shares			Weighted Average Exercise Price Per Share
Options Outstanding February 1, 2014		4,619,323		$	3.25
Options Granted		137,738			29.20
Options Exercised(a)		(914,067	)		1.73
Options Forfeited		(65,800	)		2.39

Options Outstanding November 1, 2014		3,777,194		$	4.58

(a)	Options exercised during the nine months ended November 1, 2014 had a total intrinsic value of $27.7 million.

The following table summarizes information about the options outstanding and exercisable under the 2006 Plan as of November 1, 2014:


	Options Outstanding				Options Exercisable
Exercise Prices	Number Outstanding at November 1, 2014		Weighted Average Remaining Contractual Life (Years)		Number Exercisable at November 1, 2014		Weighted Average Remaining Contractual Life (Years)
$0.79 - $0.94		1,105,541		6.43		489,607		5.69
$3.17		326,113		6.16		167,184		5.42
$4.55 - $5.07		2,155,477		8.35		161,563		6.11
$26.96		52,761		9.23		—		—
$27.40 - $38.66		137,302		9.58		—		—

		3,777,194				818,354

The aggregate intrinsic value of options outstanding as of November 1, 2014 was $141.1 million.

The following table summarizes information about the stock options vested and expected to vest during the contractual term as of November 1, 2014:


	Options		Weighted Average Remaining Contractual Life (Years)		Weighted Average Exercise Price		Aggregate Intrinsic Value
Vested and Expected to Vest		3,628,374		7.64	$	4.50	$	135.9 million

The fair value of each stock option granted was estimated on the date of grant using the Monte Carlo Simulation option pricing model prior to the date of the Offering and the Black Scholes option pricing model subsequent to the date of the Offering. The fair value of each stock option granted was estimated using the following assumptions:


	Nine Months Ended November 1, 2014			Nine Months Ended November 2, 2013
Risk-Free Interest Rate		2.1	%		1.7	%
Expected Volatility		41.0% - 44.0	%		36.8	%
Expected Life (years)		6.3			7.4
Contractual Life (years)		10.0			10.0
Expected Dividend Yield		0.0	%		0.0	%
Weighted Average Grant Date Fair Value of Options Issued	$	13.16		$	5.64

Restricted Stock Awards

Under the 2006 Plan, the Company also has the ability to grant shares of restricted stock. During the nine months ended November 1, 2014, the Company granted 110,632 shares of restricted stock at fair values based upon the closing price of the Company’s common stock on the date of grant. There were no restricted stock awards granted during the nine months ended November 2, 2013. All shares of restricted stock granted to date under the 2006 Plan are service-based awards that cliff vest at the end of the requisite service period. Shares of restricted stock are expensed on a straight-line basis over the requisite service period of three to four years. Following a change of control, all unvested shares of restricted stock shall remain unvested, provided, however, that 100% of such shares shall vest if, following such change of control, the employment of the recipient is terminated without cause or the recipient resigns with good reason.

As of November 1, 2014, there was $3.1 million of unearned non-cash stock-based compensation that the Company expects to recognize as an expense over the next 3.4 years. At November 1, 2014, 1,033,560 of the outstanding shares of restricted stock had vested.

Award grant and vesting transactions during the nine month period ended November 1, 2014 are summarized as follows:


	Number of Shares			Weighted Average Grant Date Fair Value Per Awards
Non-Vested Awards Outstanding, February 1, 2014		81,396		$	12.58
Awards Granted		110,632			28.95
Awards Vested		(27,500	)		5.56
Awards Forfeited		(1,250	)		27.40

Non-Vested Awards Outstanding, November 1, 2014		163,278		$	24.74

Other Liabilities

9 Months Ended

Nov. 01, 2014

Other Liabilities

13. Other Liabilities

Other Current Liabilities

Other current liabilities primarily consist of sales tax payable, customer liabilities, accrued payroll costs, self-insurance reserves, accrued operating expenses, payroll taxes payable, current portion of straight-line rent liability and other miscellaneous items. Customer liabilities comprised of gift cards and layaway deposits totaled $32.3 million, $29.2 million and $33.4 million as of November 1, 2014, February 1, 2014 and November 2, 2013, respectively.

The Company has risk participation agreements with insurance carriers with respect to workers’ compensation, general liability insurance and health insurance. Pursuant to these arrangements, the Company is responsible for paying individual claims up to designated dollar limits. The amounts included in costs related to these claims are estimated and can vary based on changes in assumptions or claims experience included in the associated insurance programs. An increase in worker’s compensation or health insurance claims by employees or general liability claims may result in a corresponding increase in costs related to these claims. Self-insurance reserves were $59.9 million, $57.2 million and $54.5 million, as of November 1, 2014, February 1, 2014 and November 2, 2013, respectively. At November 1, 2014, February 1, 2014 and November 2, 2013, the portion of self-insurance reserve expected to be paid in the next twelve months of $24.5 million, $23.6 million and $22.2 million, respectively, were recorded in the line item “Other Current Liabilities” in the Company’s Condensed Consolidated Balance Sheets. The remaining balances at November 1, 2014, February 1, 2014 and November 2, 2013 of $35.4 million, $33.6 million and $32.3 million, respectively, were recorded in the line item “Other Liabilities” in the Company’s Condensed Consolidated Balance Sheets.

Other Liabilities

Other liabilities primarily consist of deferred lease incentives, the long term portion of self-insurance reserves, the excess of straight-line rent expense over actual rental payments and tax liabilities associated with the uncertain tax positions recognized by the Company in accordance with Topic No. 740.

Deferred lease incentives are funds received or receivable from landlords used primarily to offset the costs incurred for remodeling of stores. These deferred lease incentives are amortized over the expected lease term including rent holiday periods and option periods where the exercise of the option can be reasonably assured. Amortization of deferred lease incentives is included in the line item “Selling, General and Administrative Expenses” on the Company’s Condensed Consolidated Statements of Operations. At November 1, 2014, February 1, 2014 and November 2, 2013, deferred lease incentives were $158.8 million, $157.5 million and $147.2 million, respectively.

Commitments and Contingencies

9 Months Ended

Nov. 01, 2014

Commitments and Contingencies

14. Commitments and Contingencies

Legal

The Company establishes accruals relating to legal claims, in connection with litigation to which the Company is party from time to time in the ordinary course of business. The aggregate amounts of such accruals were $3.6 million, $1.3 million and $1.2 million as of November 1, 2014, February 1, 2014 and November 2, 2013, respectively. The Company is unable to estimate any outcome that may be assessed against the Company, in excess of amounts accrued, in the event of an adverse determination.

In the matter of Burlington Coat Factory Song Beverly Cases which is currently pending in the Superior Court of the State of California, Complex Division, County of Orange (Case No. JCCP No. 4681), plaintiff, on behalf of herself and others similarly situated, alleges that the Company is in violation of the California Civil Code for collecting personal information from customers in connection with the use of credit cards by such customers to pay for merchandise at the Company’s stores. While the Company denies liability and intends to defend itself vigorously in the matter, the Company is unable to predict whether plaintiff or the Company will prevail at trial which is scheduled for January 20, 2015, or thereafter on appeal.

Lease Agreements

The Company enters into lease agreements during the ordinary course of business in order to secure favorable store locations. The Company’s minimum lease payments for all operating leases are expected to be $67.0 million for the remainder of Fiscal 2014 and $278.3 million, $273.8 million, $254.0 million, $226.5 million and $892.1 million for the fiscal years ended January 30, 2016, January 28, 2017, February 3, 2018, February 2, 2019 and all subsequent years thereafter, respectively. Total future minimum lease payments include $50.8 million related to options to extend lease terms that are reasonably assured of being exercised and also includes $221.5 million of minimum lease payments for 13 stores and two warehouses that the Company has committed to open.

Letters of Credit

The Company had letters of credit arrangements with various banks in the aggregate amount of $48.5 million, $43.9 million and $40.8 million as of November 1, 2014, February 1, 2014 and November 2, 2013, respectively. Among these arrangements as of November 1, 2014, February 1, 2014 and November 2, 2013, the Company had letters of credit in the amount of $34.4 million, $28.8 million and $29.2 million, respectively, guaranteeing performance under various insurance contracts and utility agreements. In addition, the Company had outstanding letters of credit agreements in the amounts of $14.1 million, $15.1 million and $11.6 million at November 1, 2014, February 1, 2014 and November 2, 2013, respectively, related to certain merchandising agreements. Based on the terms of the credit agreement related to the ABL Line of Credit, the Company had the ability to enter into letters of credit up to $346.3 million, $456.2 million and $521.2 million as of November 1, 2014, February 1, 2014 and November 2, 2013, respectively.

Purchase Commitments

The Company had $588.6 million of purchase commitments related to goods that were not received as of November 1, 2014.

Death Benefits

In November of 2005, the Company entered into agreements with three of the Company’s former executives whereby upon each of their deaths the Company will pay $1.0 million to each respective designated beneficiary.

Related Parties

9 Months Ended

Nov. 01, 2014

Related Parties

15. Related Parties

In connection with the purchase of the Company by Bain Capital in April of 2006, the Company entered into an advisory agreement with Bain Capital (the Advisory Agreement) pursuant to which Bain Capital provided management, consulting, financial and other advisory services. The Advisory Agreement had a 10-year initial term, and thereafter was subject to automatic one-year extensions unless the Company or Bain Capital provides written notice of termination, except that the agreement terminated automatically upon an initial public offering or a change of control of the Company. If the Advisory Agreement terminated early, Bain Capital would be entitled to receive all unpaid fees and unreimbursed out-of-pocket expenses, as well as the present value of the periodic fee that would otherwise have been payable through the end of the 10-year term. The Advisory Agreement was terminated on October 2, 2013 in connection with the Offering. As a result of the termination, Bain Capital was paid a fee of $10.1 million which is included in the line item “Costs Related to Debt Amendments, Secondary Offerings, Termination of Advisory Agreement and Other” in the Company’s Condensed Consolidated Statements of Operations. Prior to the termination of the Advisory Agreement, Bain Capital was paid a periodic fee of $1.0 million per fiscal quarter plus reimbursement for reasonable out-of-pocket expenses, and a fee equal to 1% of the transaction value of certain financing, acquisition, disposition or change of control or similar transactions by or involving the Company. During the three and nine months ended November 1, 2014, fees paid to Bain Capital, representing reimbursement for out-of-pocket expenses, amounted to less than $0.1 million and $0.2 million, respectively. During the three and nine months ended November 2, 2013, fees paid to Bain Capital, primarily representing the quarterly fee, amounted to $0.7 million and $2.9 million, respectively, exclusive of the termination fee. These amounts are recorded in the line item “Selling, General and Administrative Expenses” in the Company’s Condensed Consolidated Statements of Operations.

Bain Capital, either directly or through affiliates, has ownership interests in a broad range of companies (Portfolio Companies) with whom the Company may from time to time enter into commercial transactions in the ordinary course of business, primarily for the purchase of goods and services. The Company believes that none of the Company’s transactions or arrangements with Portfolio Companies are significant enough to be considered material to Bain Capital or to its business.

The brother-in-law of one of the Company’s Executive Vice Presidents is an independent sales representative of one of the Company’s suppliers of merchandise inventory. This relationship predated the commencement of the Executive Vice President’s employment with the Company. The Company has determined that the dollar amount of purchases through such supplier represents an insignificant amount of its inventory purchases.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References + Details

Summary of Significant Accounting Policies (Policies)	9 Months Ended
Summary of Significant Accounting Policies (Policies)	Nov. 01, 2014
Basis of Presentation	Basis of Presentation As of November 1, 2014, Burlington Stores, Inc. and its subsidiaries (the Company), a Delaware Corporation, through its indirect subsidiary Burlington Coat Factory Warehouse Corporation (BCFWC), operated 539 retail stores, inclusive of an internet store. These unaudited Condensed Consolidated Financial Statements include the accounts of Burlington Stores, Inc. and its subsidiaries. All inter-company accounts and transactions have been eliminated in consolidation. The Condensed Consolidated Financial Statements are unaudited, but in the opinion of management reflect all adjustments (which are of a normal and recurring nature) necessary for the fair presentation of the results of operations for the interim periods presented. Certain information and note disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) have been condensed or omitted. It is suggested that these Condensed Consolidated Financial Statements be read in conjunction with the audited Consolidated Financial Statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended February 1, 2014 (Fiscal 2013 10-K). The balance sheet at February 1, 2014 presented herein has been derived from the audited Consolidated Financial Statements contained in the Fiscal 2013 10-K. Because the Company’s business is seasonal in nature, the operating results for the three and nine month periods ended November 1, 2014 are not necessarily indicative of results for the fiscal year ending January 31, 2015 (Fiscal 2014). Accounting policies followed by the Company are described in Note 1 to the Fiscal 2013 10-K, “Summary of Significant Accounting Policies.” In February 2013, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 2013-02, “Comprehensive Income” (ASU 2013-02). ASU 2013-02 requires companies to disclose the following: (i) for items reclassified out of accumulated other comprehensive income (loss) and into earnings in their entirety, the effect of the reclassification on each affected income statement line item; and (ii) for accumulated other comprehensive income (loss) reclassification items that are not reclassified in their entirety into net income, a cross reference to other required U.S. GAAP disclosures. The new standard was required to be applied prospectively. Other than additional disclosure, the adoption of the new standard did not have an impact on the Company’s financial position or results of operations. In July 2013, the FASB issued Accounting Standards Update No. 2013-11, “Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists” (ASU 2013-11). ASU 2013-11 states that an unrecognized tax benefit should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward or a tax credit carryforward, if available at the reporting date under the applicable tax law to settle any additional income taxes that would result from the disallowance of a tax position. If the tax law of the applicable jurisdiction does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the financial statements as a liability. The amendments in ASU 2013-11 became effective for fiscal years, and interim periods within those years, beginning after December 15, 2013 and did not have a material impact on the Company’s financial position or results of operations. In April 2014, the FASB issued Accounting Standards Update No. 2014-08, “Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity” (ASU 2014-08). ASU 2014-08 is aimed at reducing the frequency of disposals reported as discontinued operations by focusing on strategic shifts that have or are expected to have a major effect on an entity’s operations and financial results. Such a shift could include the disposal of a major line of business, a major geographical area, a major equity method investment or other major parts of the entity. ASU 2014-08 also permits companies to have continuing cash flows and significant continuing involvement with the disposed component. ASU 2014-08 requires expanded disclosures for discontinued operations and new disclosures for individually material disposals that do not meet the definition of a discontinued operation. The Company has early adopted ASU 2014-08 effective February 2, 2014. ASU 2014-08 did not have a material impact on the Company’s financial position or results of operations. In May 2014, the FASB issued Accounting Standards Update No. 2014-09, “Revenue from Contracts with Customers” (ASU 2014-09). It outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. The core principle of the revenue model is that “an entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services.” ASU 2014-09 is effective for annual periods beginning after December 15, 2016 and interim periods within those annual periods. The Company is still assessing the impact of the adoption to the Company’s financial position or results of operations. There were no other new accounting standards that had a material impact on the Company’s Condensed Consolidated Financial Statements during the nine month period ended November 1, 2014, and there were no other new accounting standards or pronouncements that were issued but not yet effective as of November 1, 2014 that the Company expects to have a material impact on its financial position or results of operations upon becoming effective.
Initial Public Offering	Initial Public Offering On October 7, 2013, the Company completed its initial public offering (the Offering) whereby 15,333,333 shares of common stock were sold to the public. Prior to the Offering, each outstanding share of Class A common stock was automatically cancelled and then each outstanding share of Class L common stock was automatically converted into one share of Class A common stock. The Company then effected an 11-for-1 split of Class A common stock and then reclassified Class A common stock into common stock. Collectively, these transactions are referred to as the Reclassification. Unless otherwise indicated, all share data presented within these Condensed Consolidated Financial Statements gives effect to the stock split.
Secondary Offerings	Secondary Offerings On May 6, 2014, the Company closed a secondary public offering of its common stock, in which 12,000,000 shares of common stock were sold by certain of the Company’s stockholders. In connection with the May 6, 2014 offering, the selling stockholders granted the underwriters, and the underwriters subsequently exercised, an option to purchase 1,800,000 additional shares of common stock. In addition, on October 10, 2014, the Company closed a secondary public offering of its common stock in which 8,000,000 shares of common stock were sold by certain of the Company’s stockholders. Collectively, the May 6, 2014 and October 6, 2014 transactions are referred to as the Secondary Offerings. All of the shares sold in the Secondary Offerings were offered by selling stockholders. The Company did not receive any of the proceeds from the Secondary Offerings. The Company incurred $0.5 million and $1.3 million in offering costs related to the Secondary Offerings during the three and nine months ended November 1, 2014, respectively, which are included in the line item “Costs Related to Debt Amendments, Secondary Offerings, Termination of Advisory Agreement and Other” on the Company’s Condensed Consolidated Statements of Operations.
Reclassification	Reclassification Certain reclassifications have been made to prior year financial statements to conform with the current period presentation.

Stockholders' Deficit (Tables)

9 Months Ended

Nov. 01, 2014

Summary of Stockholders' Deficit

Activity in the Company’s stockholders’ deficit for the nine month periods ended November 1, 2014 and November 2, 2013 are summarized below:


	*(in thousands, except share data)*
	Common Stock				Additional Paid-in Capital		Accumulated Deficit			Accumulated Other Comprehensive Loss			Treasury Stock						Total
	Shares		Amount		Additional Paid-in Capital		Accumulated Deficit			Accumulated Other Comprehensive Loss			Shares			Amount			Total
Balance at February 1, 2014		74,218,275	$	7	$	1,346,259	$	(1,492,409	)	$	—			(531,751	)	$	(4,325	)	$	(150,468	)
Net Loss		—		—		—		(28,910	)		—			—			—			(28,910	)
Stock Options Exercised and Related Tax Benefit of $9.1 million		914,067		—		10,728		—			—			—			—			10,728
Shares Used for Tax Withholding		—		—		—		—			—			(119,859	)		(3,086	)		(3,086	)
Issuance of Restricted Shares, net of Forfeitures of 1,250 Restricted Shares, and Stock Option Compensation		109,382		—		4,616		—			—			—			—			4,616
Unrealized Losses on Interest Rate Cap Contracts, net of Related Tax Benefit of $0.5 million.		—		—		—		—			(745	)		—			—			(745	)

Balance at November 1, 2014		75,241,724	$	7	$	1,361,603	$	(1,521,319	)	$	(745	)		(651,610	)	$	(7,411	)	$	(167,865	)


	*(in thousands, except share data)*
	Common Stock						Additional Paid-in Capital			Accumulated Deficit			Accumulated Other Comprehensive Loss		Treasury Stock
	Shares			Amount			Additional Paid-in Capital			Accumulated Deficit			Accumulated Other Comprehensive Loss		Shares			Amount			Total
Balance at February 2, 2013		517,979,682		$	47		$	—		$	(1,109,501	)	$	—		(4,812,588	)	$	(4	)	$	(1,109,458	)
Net Loss		—			—			—			(47,434	)		—		—			—			(47,434	)
Accretion of Class L Preferred Return		—			—			(8,202	)		(96,658	)		—		—			—			(104,860	)
Stock Options Exercised and Related Tax Benefits		11,641,212			1			—			—			—		—			—			1
Issuance of Restricted Shares and Stock Option		—			—			8,202			—			—		—			—			8,202
Dividend		—			—			—			(302,400	)		—		—			—			(302,400	)
Other		(115,533	)		—			—			—			—		—			—			—
Cancellation of Class A Shares		(529,505,361	)		(48	)		—			—			—		4,812,588			4			(44	)
Conversion of Class L Stock to common stock (a)		58,830,948			6			1,107,338			—			—		(531,751	)		(4,325	)		1,103,019
Initial Public Offering		15,333,333			1			237,189			—			—		—			—			237,190

Balance at November 2, 2013		74,164,281		$	7		$	1,344,527		$	(1,555,993	)	$	—		(531,751	)	$	(4,325	)	$	(215,784	)

(a)	Immediately prior to the Reclassification, the Company had 5,348,268 and 5,299,927 shares of Class L common stock issued and outstanding. 58,830,948 shares of common stock were issued and outstanding immediately after the Reclassification.

Long Term Debt (Tables)

9 Months Ended

Nov. 01, 2014

Long Term Debt

Long term debt consists of:


	*(in thousands)*
	November 1, 2014			February 1, 2014			November 2, 2013
$1,200,000 Senior Secured Term Loan Facility (Term B-3 Loans), LIBOR (with a floor of 1.0%) plus 3.25%, matures on August 13, 2021	$	1,191,194		$	—		$	—
$1,000,000 Senior Secured Term Loan Facility (Term B-2 Loans), LIBOR (with a floor of 1.0%) plus 3.25%, redeemed on August 13, 2014		—			828,839			860,327
$450,000 Senior Notes, 10%, redeemed on August 13, 2014		—			450,000			450,000
$350,000 Senior Notes, 9% / 9.75%, redeemed on August 13, 2014		—			126,147			343,983
$600,000 ABL Senior Secured Revolving Facility, LIBOR plus spread based on average outstanding balance, expires August 13, 2019		205,200			—			38,000
Capital Lease Obligations		27,719			23,199			23,435

Total Debt		1,424,113			1,428,185			1,715,745
Less: Current Maturities		(13,275	)		(59,026	)		(231,460	)

Long Term Debt, Net of Current Maturities	$	1,410,838		$	1,369,159		$	1,484,285

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
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Reference 2: http://www.xbrl.org/2003/role/presentationRef
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
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-Subparagraph (SX 210.4-08.(e),(f))
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Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 22
-Article 5

+ Details

Restructuring and Separation (Tables)

9 Months Ended

Nov. 01, 2014

Charges Incurred Related to Restructuring and Separation Costs


	*(in thousands)*
	February 1, 2014		Charges		Cash Payments			November 1, 2014
Severance – Separation Cost	$	233	$	—	$	(233	)	$	—


	*(in thousands)*
	February 2, 2013		Charges		Cash Payments			November 2, 2013
Severance – Restructuring	$	—	$	924	$	(889	)	$	35
Severance – Separation Cost		597		1,255		(1,338	)		514

Total	$	597	$	2,179	$	(2,227	)	$	549

Fair Value Measurements (Tables)

9 Months Ended

Nov. 01, 2014

Fair Values of Financial Assets and Hierarchy of Level of Inputs

The fair values of the Company’s financial assets and the hierarchy of the level of inputs are summarized below:


	*(in thousands)*
	Fair Value Measurements at
	November 1, 2014		February 1, 2014		November 2, 2013
Assets:
Level 1
Cash equivalents (including restricted cash)	$	32,349	$	32,324	$	265,770
Level 2
Interest rate cap contracts(a)	$	3,237	$	1	$	2
Level 3
Note Receivable(b)	$	—	$	—	$	385

(a)	Included in “Other Assets” within the Company’s Condensed Consolidated Balance Sheets as of November 1, 2014, February 1, 2014 and November 2, 2013. Refer to Note 7, “Derivative Instruments and Hedging Activities,” for further discussion regarding the Company’s interest rate cap contracts.

(b)	As of November 2, 2013, this note receivable was included in “Prepaid and Other Current Assets” on the Company’s Condensed Consolidated Balance Sheets. This note was paid in full during the fourth quarter of Fiscal 2013.

Fair Value of Debt

The fair value of the Company’s debt as of November 1, 2014, February 1, 2014 and November 2, 2013 is noted in the table below:


	*(in thousands)*
	November 1, 2014				February 1, 2014				November 2, 2013
	Carrying Amount (b)		Fair Value (b)		Carrying Amount (b)		Fair Value (b)		Carrying Amount (b)		Fair Value (b)
$1,200,000 Senior Secured Term Loan Facility (Term B-3 Loans), LIBOR (with a floor of 1.0%) plus 3.25%, matures on August 13, 2021	$	1,191,194	$	1,185,715	$	—	$	—	$	—	$	—
$1,000,000 Senior Secured Term Loan Facility (Term B-2 Loans), LIBOR (with a floor of 1.0%) plus 3.25%, redeemed on August 13, 2014		—		—		828,839		836,091		860,327		866,048
$450,000 Senior Notes, 10%, redeemed on August 13, 2014		—		—		450,000		501,458		450,000		503,168
$350,000 Senior Notes, 9% / 9.75%, redeemed on August 13, 2014		—		—		126,147		128,512		343,984		351,500
$600,000 ABL Senior Secured Revolving Facility, LIBOR plus spread based on average outstanding balance, expires August 13, 2019 (a)		205,200		205,200		—		—		38,000		38,000

Total debt	$	1,396,394	$	1,390,915	$	1,404,986	$	1,466,061	$	1,692,311	$	1,758,716

(a)	To the extent the Company has any outstanding borrowings under the ABL Line of Credit, the fair value would approximate its reported value because the interest rate is variable and reflects current market rates.

(b)	Capital lease obligations are excluded from the table above.

Derivative Instruments and Hedging Activities (Tables)

9 Months Ended

Nov. 01, 2014

Fair Value of Company's Derivative Financial Instruments on Gross Basis as well as Classification

The tables below presents the fair value of the Company’s derivative financial instruments on a gross basis as well as their classification on the Company’s Condensed Consolidated Balance Sheets:

(in thousands)

Fair Values of Derivative Instruments

Asset Derivatives

November 1, 2014

February 1, 2014

November 2, 2013

Derivatives Designated as Hedging Instruments

Balance
Sheet
Location

Fair
Value

Balance
Sheet
Location

Fair
Value

Balance
Sheet
Location

Fair
Value

Interest Rate Cap Contracts

Other Assets

3,237

Other Assets

—

Other Assets

—

Derivatives Not Designated as Hedging Instruments

Balance
Sheet
Location

Fair
Value

Balance
Sheet
Location

Fair
Value

Balance
Sheet
Location

Fair
Value

Interest Rate Cap Contracts

Other Assets

—

Other Assets


	*(in thousands)*
	Amount of Loss Recognized in Other Comprehensive Loss Related to Derivatives								Amount of Loss Reclassified from Other Comprehensive Loss into Earnings Related to Derivatives
Derivatives Designated as Hedging Instruments	Three Months Ended				Nine Months Ended				Three Months Ended				Nine Months Ended
Derivatives Designated as Hedging Instruments	November 1, 2014		November 2, 2013		November 1, 2014		November 2, 2013		November 1, 2014		November 2, 2013		November 1, 2014		November 2, 2013		Component of Earnings
Interest Rate Cap Contracts	$	745	$	—	$	745	$	—	$	—	$	—	$	—	$	—		Interest Expense


		*(in thousands)*
		Amount of Loss Recognized in Earnings Related to Derivatives
		Three Months Ended				Nine Months Ended
Derivatives Not Designated as Hedging Instruments	Location of Loss Recognized in Earnings Related to Derivatives	November 1, 2014		November 2, 2013		November 1, 2014		November 2, 2013
Interest Rate Cap Contracts	Interest Expense	$	—	$	13	$	1	$	67

Derivatives Designated as Hedging Instruments

Outstanding Interest Rate Derivatives in Qualifying Hedging Relationships

As of November 1, 2014, the Company had the following outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk:

Interest Rate Derivative

Notional Principal
Amount

Interest
Cap
Rate

Effective Date

Maturity Date

Interest Rate Cap Contracts

387.5 million

3.0

August 29, 2014

February 28, 2017

Interest Rate Cap Contracts

387.5 million

3.0

August 31, 2014

February 28, 2017

Interest Rate Cap Contracts

340.0 million

4.0

February 28, 2017

February 28, 2019

Interest Rate Cap Contracts

340.0 million

4.0

February 28, 2017

February 28, 2019

Derivatives Not Designated as Hedging Instruments

Outstanding Interest Rate Derivatives in Qualifying Hedging Relationships

As of November 1, 2014, the Company had the following outstanding derivatives that were not designated as hedges in qualifying hedging relationships:

Interest Rate Derivative

Number of
Instruments

Aggregate Notional
Principal Amount

Interest
Cap
Rate

Maturity Date

Interest Rate Cap Contracts

Two

900.0 million

7.0

May 31, 2015

- Definition

Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(n)(2))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

+ Details

Accumulated Other Comprehensive Loss (Tables)

9 Months Ended

Nov. 01, 2014

Changes in Accumulated Other Comprehensive Loss

The following table details the changes in accumulated other comprehensive loss for the related periods:


	*(in thousands)*
	Derivative Instruments		Total
Balance at February 1, 2014	$	—	$	—
Unrealized Losses on Interest Rate Cap Contracts, net of Related Tax Benefit of $0.5 million		745		745

Balance at November 1, 2014	$	745	$	745

Income Taxes (Tables)

9 Months Ended

Nov. 01, 2014

Net Deferred Taxes

Net deferred taxes are as follows:


	*(in thousands)*
	November 1, 2014		February 1, 2014		November 2, 2013
Current Deferred Tax Asset	$	18,216	$	13,475	$	14,209
Non-Current Deferred Tax Liability		217,189		242,708		249,585

Net Deferred Tax Liability	$	198,973	$	229,233	$	235,376

Net Loss Per Share (Tables)

9 Months Ended

Nov. 01, 2014

Computation of Basic and Diluted per Common Share


	Three Months Ended						Nine Months Ended
	November 1, 2014			November 2, 2013			November 1, 2014			November 2, 2013
Net Loss	$	(34,214	)	$	(16,857	)	$	(28,910	)	$	(47,434	)

Class L Preference Amount	$	—		$	(28,377	)	$	—		$	(111,282	)


	Three Months Ended						Nine Months Ended
	November 1, 2014			November 2, 2013			November 1, 2014			November 2, 2013
Net Loss Attributable to Common Stockholders	$	(34,214	)	$	(45,234	)	$	(28,910	)	$	(158,716	)

Allocation of Net Income (Loss) to Common Stockholders – Basic and Diluted:
Class L Stockholders	$	—		$	28,377		$	—		$	111,282

Common Stockholders	$	(34,214	)	$	(45,234	)	$	(28,910	)	$	(158,716	)

Net Income (Loss) Per Share – Basic and Diluted:
Class L Stockholders	$	—		$	8.04		$	—		$	23.95

Common Stockholders	$	(0.46	)	$	(0.12	)	$	(0.39	)	$	(0.34	)

Weighted Average Number of Shares – Basic and Diluted:
Class L Stockholders		—			3,530			—			4,647

Common Stockholders		74,218			373,976			73,943			468,226

Changes in Class L Common Stock

The changes in Class L Common Stock were as follows:


	*(in thousands, except shares)*
	Nine months ended November 2, 2013
	Shares			Amount
Class L Common Stock, February 2, 2013		5,183,506		$	1,029,189
Stock Option Exercised and Related Tax Benefits - Class L Common Stock		117,588			2,531
Issuance/Forfeiture of Restricted Shares and Compensation		—			61
Dividend		—			(33,600	)
Accretion of Class L preferred return		—			104,860
Other		(1,167	)		(22	)
Conversion of Class L Common Stock to Common Stock		(5,299,927	)		(1,103,019	)

Class L Common Stock, November 2, 2013		—		$	—

Stock Option and Award Plans and Stock-Based Compensation (Tables)

9 Months Ended

Nov. 01, 2014

Non-Cash Stock Compensation Expense

Non-cash stock compensation expense is as follows:


	*(in thousands)*
	Three Months Ended				Nine Months Ended
Type of Non-Cash Stock Compensation	November 1, 2014		November 2, 2013		November 1, 2014		November 2, 2013
Stock Option Modification (a)	$	487	$	1,534	$	1,887	$	4,986
Stock Option Grants (b)		730		963		2,201		3,155
Restricted Stock Issuances(b)		247		20		528		61

Total (c)	$	1,464	$	2,517	$	4,616	$	8,202

(a)	Represents non-cash compensation related to the modification of outstanding stock options granted under the 2006 Plan during Fiscal 2013 which is included in the line item “Stock Option Modification Expense” in the Company’s Condensed Consolidated Statements of Operations.

(b)	Included in the line item “Selling, General and Administrative Expenses” in the Company’s Condensed Consolidated Statements of Operations.

(c)

Stock Option Transactions

Stock option transactions during the nine month period ended November 1, 2014 are summarized as follows:


	Number of Shares			Weighted Average Exercise Price Per Share
Options Outstanding February 1, 2014		4,619,323		$	3.25
Options Granted		137,738			29.20
Options Exercised(a)		(914,067	)		1.73
Options Forfeited		(65,800	)		2.39

Options Outstanding November 1, 2014		3,777,194		$	4.58

(a)	Options exercised during the nine months ended November 1, 2014 had a total intrinsic value of $27.7 million.

Information about Options to Purchase Shares

The following table summarizes information about the options outstanding and exercisable under the 2006 Plan as of November 1, 2014:


	Options Outstanding				Options Exercisable
Exercise Prices	Number Outstanding at November 1, 2014		Weighted Average Remaining Contractual Life (Years)		Number Exercisable at November 1, 2014		Weighted Average Remaining Contractual Life (Years)
$0.79 - $0.94		1,105,541		6.43		489,607		5.69
$3.17		326,113		6.16		167,184		5.42
$4.55 - $5.07		2,155,477		8.35		161,563		6.11
$26.96		52,761		9.23		—		—
$27.40 - $38.66		137,302		9.58		—		—

		3,777,194				818,354

Stock Options Vested and Expected to Vest

The following table summarizes information about the stock options vested and expected to vest during the contractual term as of November 1, 2014:


	Options		Weighted Average Remaining Contractual Life (Years)		Weighted Average Exercise Price		Aggregate Intrinsic Value
Vested and Expected to Vest		3,628,374		7.64	$	4.50	$	135.9 million

Weighted Average Assumptions Used to Estimate Fair Value of Each Stock Option Granted

The fair value of each stock option granted was estimated using the following assumptions:


	Nine Months Ended November 1, 2014			Nine Months Ended November 2, 2013
Risk-Free Interest Rate		2.1	%		1.7	%
Expected Volatility		41.0% - 44.0	%		36.8	%
Expected Life (years)		6.3			7.4
Contractual Life (years)		10.0			10.0
Expected Dividend Yield		0.0	%		0.0	%
Weighted Average Grant Date Fair Value of Options Issued	$	13.16		$	5.64

Award Grant and Vesting Transactions

Award grant and vesting transactions during the nine month period ended November 1, 2014 are summarized as follows:


	Number of Shares			Weighted Average Grant Date Fair Value Per Awards
Non-Vested Awards Outstanding, February 1, 2014		81,396		$	12.58
Awards Granted		110,632			28.95
Awards Vested		(27,500	)		5.56
Awards Forfeited		(1,250	)		27.40

Non-Vested Awards Outstanding, November 1, 2014		163,278		$	24.74

Summary of Significant Accounting Policies - Additional Information (Detail)

3 Months Ended

9 Months Ended

Oct. 10, 2014

May 06, 2014

USD ($)

Oct. 07, 2013

Nov. 01, 2014

USD ($)

Store

Nov. 01, 2014

USD ($)

Store

Summary Of Significant Accounting Policies [Line Items]

Number of stores | Store

539

Options exercised

^[1]

914,067

Initial public offering

Summary Of Significant Accounting Policies [Line Items]

Shares issued

15,333,333

Description Of Stock Split

The Company then effected an 11-for-1 split of Class A common stock and then reclassified Class A common stock into common stock.

Class L common stock split into one share of Class A Common stock

Secondary Offering

Summary Of Significant Accounting Policies [Line Items]

Shares issued

8,000,000

12,000,000

Options exercised

1,800,000

Proceeds from the sale of shares | $

$ 0

Offering cost | $

$ 500,000

$ 1,300,000

[1]	Options exercised during the nine months ended November 1, 2014 had a total intrinsic value of $27.7 million.

Activity in Common Stock, Capital in Excess of Par Value, Accumulated Deficit and Total Stockholders Deficit Equity (Detail) - USD ($)
$ in Thousands

3 Months Ended

9 Months Ended

Nov. 01, 2014

May 03, 2014

Nov. 02, 2013

Nov. 01, 2014

Nov. 02, 2013

Beginning Balance

$ (150,468)

Net Income (Loss)

$ (34,214)

$ (16,857)

(28,910)

$ (47,434)

Accretion of Class L Preferred Return

(104,860)

Stock Options Exercised and Related Tax Benefit

$ 10,728

Stock Options Exercised and Related Tax Benefits (in shares)

^[1]

914,067

Shares Used for Tax Withholding

$ (3,086)

Issuance of Restricted Shares and Stock Option

4,616

8,202

Dividend

(302,400)

Unrealized Losses on Interest Rate Cap Contracts, net of Related Tax Benefit of $0.5 million.

(745)

Initial Public Offering

237,190

Ending Balance

(167,865)

(215,784)

(167,865)

(215,784)

Class A common stock

Cancellation of Shares

(44)

Class L Common Stock

Accretion of Class L Preferred Return

(104,860)

Conversion of Common Stock

^[2]

1,103,019

Common Stock

Beginning Balance

$ 7

Beginning Balance (in shares)

74,218,275

Stock Options Exercised and Related Tax Benefit

$ 1

Stock Options Exercised and Related Tax Benefits (in shares)

914,067

11,641,212

Issuance of Restricted Shares and Stock Option Compensation (in shares)

109,382

Other, shares

(115,533)

Initial Public Offering

$ 1

Initial Public Offering, shares

15,333,333

Ending Balance

$ 7

Ending Balance (in shares)

75,241,724

74,164,281

75,241,724

74,164,281

Common Stock | Class A common stock

Cancellation of Shares, shares

(529,505,361)

Cancellation of Shares

$ (48)

Common Stock | Class L Common Stock

Conversion of Common Stock

^[2]

$ 6

Conversion of Common Stock, shares

^[2]

58,830,948

Additional Paid-in Capital

Beginning Balance

$ 1,346,259

Accretion of Class L Preferred Return

$ (8,202)

Stock Options Exercised and Related Tax Benefit

10,728

Issuance of Restricted Shares and Stock Option

4,616

8,202

Initial Public Offering

237,189

Ending Balance

$ 1,361,603

$ 1,344,527

1,361,603

1,344,527

Additional Paid-in Capital | Class L Common Stock

Conversion of Common Stock

^[2]

1,107,338

Accumulated deficit

Beginning Balance

(1,492,409)

Net Income (Loss)

(28,910)

(47,434)

Accretion of Class L Preferred Return

(96,658)

Dividend

(302,400)

Ending Balance

(1,521,319)

(1,555,993)

(1,521,319)

(1,555,993)

Accumulated Other Comprehensive Income

Unrealized Losses on Interest Rate Cap Contracts, net of Related Tax Benefit of $0.5 million.

(745)

Ending Balance

(745)

Treasury Stock

Beginning Balance

$ (4,325)

Beginning Balance (in shares)

(531,751)

Shares Used for Tax Withholding

$ (3,100)

$ (3,086)

Shares Used for Tax Withholding (in shares)

119,859

(119,859)

Ending Balance

$ (7,411)

$ (4,325)

$ (7,411)

$ (4,325)

Ending Balance (in shares)

(651,610)

(531,751)

(651,610)

(531,751)

Treasury Stock | Class A common stock

Cancellation of Shares, shares

4,812,588

Cancellation of Shares

$ 4

Treasury Stock | Class L Common Stock

Conversion of Common Stock

^[2]

$ (4,325)

Conversion of Common Stock, shares

^[2]

(531,751)

[1]	Options exercised during the nine months ended November 1, 2014 had a total intrinsic value of $27.7 million.
[2]	Immediately prior to the Reclassification, the Company had 5,348,268 and 5,299,927 shares of Class L common stock issued and outstanding. 58,830,948 shares of common stock were issued and outstanding immediately after the Reclassification.

Activity in Common Stock, Capital in Excess of Par Value, Accumulated Deficit and Total Stockholders Deficit Equity (Parenthetical) (Detail) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Nov. 01, 2014	Nov. 01, 2014	Feb. 01, 2014	Nov. 02, 2013	Feb. 15, 2013
Stock Options Related Tax Benefit		$ 9.1
Forfeited Restricted Shares		1,250
Unrealized Losses on Interest Rate Cap Contracts, Tax Benefit	$ (0.5)	$ (0.5)
Common Stock, Shares Issued	75,241,724	75,241,724	74,218,275	74,164,281
Common Stock, Shares Outstanding	74,590,114	74,590,114	73,686,524	73,632,530
Class L Common Stock
Common Stock, Class L, Shares Outstanding					5,183,506
Prior to Reclassification \| Class L Common Stock
Common Stock, Class L, Shares Issued	5,348,268	5,348,268
Common Stock, Class L, Shares Outstanding	5,299,927	5,299,927
After Reclassification
Common Stock, Shares Issued	58,830,948	58,830,948
Common Stock, Shares Outstanding	58,830,948	58,830,948

Restricted Cash and Cash Equivalents - Additional Information (Detail) - USD ($) $ in Thousands	Nov. 01, 2014	Feb. 01, 2014	Nov. 02, 2013
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted Cash and Cash Equivalents	$ 32,100	$ 32,100	$ 265,559
Collateral for certain insurance contracts
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted Cash and Cash Equivalents	$ 32,100	$ 32,100	34,800
Cash in an account with the trustee
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted Cash and Cash Equivalents			$ 230,800

Long-Term Debt (Detail) - USD ($) $ in Thousands	Nov. 01, 2014	Feb. 01, 2014	Nov. 02, 2013
Debt Instrument [Line Items]
Capital Lease Obligations	$ 27,719	$ 23,199	$ 23,435
Total Debt	1,424,113	1,428,185	1,715,745
Less: Current Maturities	(13,275)	(59,026)	(231,460)
Long Term Debt, Net of Current Maturities	1,410,838	1,369,159	1,484,285
Senior Notes, 10%, redeemed on August 13, 2014
Debt Instrument [Line Items]
Long Term Debt		450,000	450,000
Senior Notes, 9% / 9.75%, redeemed on August 13, 2014
Debt Instrument [Line Items]
Long Term Debt		126,147	343,983
Senior Secured Term Loans \| Term B-3 Loans
Debt Instrument [Line Items]
Long Term Debt	1,191,194
Senior Secured Term Loans \| Term B-2 Loans
Debt Instrument [Line Items]
Long Term Debt		$ 828,839	860,327
ABL Senior Secured Revolving Facility
Debt Instrument [Line Items]
Long Term Debt	$ 205,200		$ 38,000

Long-Term Debt (Parenthetical) (Detail) - USD ($)
$ in Thousands

3 Months Ended

9 Months Ended

Feb. 01, 2014

Nov. 01, 2014

Nov. 02, 2013

ABL Senior Secured Revolving Facility

Debt Instrument [Line Items]

Long-Term Debt, maturity date

Aug. 13, 2019

Long-Term Debt, face amount

$ 600,000

Long-Term Debt, expiration date

Aug. 13, 2019

Term B-3 Loans

Debt Instrument [Line Items]

Long-Term Debt, maturity date

Aug. 13, 2021

Term B-3 Loans | Senior Secured Term Loans

Debt Instrument [Line Items]

Long-Term Debt, maturity date

Aug. 13, 2021

Long-Term Debt, face amount

$ 1,200,000

Term B-3 Loans | Senior Secured Term Loans | London Interbank Offered Rate Floor

Debt Instrument [Line Items]

Long-Term Debt, interest rate

1.00%

Term B-3 Loans | Senior Secured Term Loans | London Interbank Offered Rate (LIBOR)

Debt Instrument [Line Items]

Long-Term Debt, interest rate

3.25%

Term B-2 Loans | Senior Secured Term Loans

Debt Instrument [Line Items]

Long-Term Debt, face amount

$ 1,000,000

Long-Term Debt, redemption date

Aug. 13, 2014

Term B-2 Loans | Senior Secured Term Loans | London Interbank Offered Rate Floor

Debt Instrument [Line Items]

Long-Term Debt, interest rate

1.00%

Term B-2 Loans | Senior Secured Term Loans | London Interbank Offered Rate (LIBOR)

Debt Instrument [Line Items]

Long-Term Debt, interest rate

3.25%

Senior Notes, 10%, redeemed on August 13, 2014

Debt Instrument [Line Items]

Long-Term Debt, face amount

$ 450,000

^[1]

$ 450,000

Long-Term Debt, interest rate

10.00%

^[1]

10.00%

Long-Term Debt, redemption date

Aug. 13, 2014

^[1]

Aug. 13, 2014

Senior Notes, 9% / 9.75%, redeemed on August 13, 2014

Debt Instrument [Line Items]

Long-Term Debt, face amount

$ 350,000

^[1]

$ 350,000

Long-Term Debt, redemption date

Aug. 13, 2014

^[1]

Aug. 13, 2014

Senior Notes, 9% / 9.75%, redeemed on August 13, 2014 | Interest Rate Cap Contract One

Debt Instrument [Line Items]

Long-Term Debt, interest rate

9.00%

^[1]

9.00%

Senior Notes, 9% / 9.75%, redeemed on August 13, 2014 | Interest Rate Cap Contract Two

Debt Instrument [Line Items]

Long-Term Debt, interest rate

9.75%

^[1]

9.75%

[1]	Capital lease obligations are excluded from the table above.

Long-Term Debt - Additional Information (Detail) - USD ($)

3 Months Ended

9 Months Ended

Aug. 13, 2014

Nov. 01, 2014

Feb. 01, 2014

Nov. 02, 2013

Nov. 01, 2014

Nov. 02, 2013

Apr. 04, 2014

Debt Instrument [Line Items]

Loss on extinguishment of long-term debt

$ (70,302,000)

$ (73,983,000)

$ (617,000)

Redemption premium

45,100,000

Write-off in deferred financing costs

19,500,000

Write-off unamortized original issue discount

5,700,000

Long term debt carrying value

^[1]

1,396,394,000

$ 1,404,986,000

$ 1,692,311,000

1,396,394,000

1,692,311,000

Deferred financing fees

13,600,000

$ 13,600,000

Term B-3 Loans

Debt Instrument [Line Items]

Debt Instrument, Term

7 years

Long-Term Debt, maturity date

Aug. 13, 2021

Term loan facility, quarterly payments

3,000,000

Holdco notes

Debt Instrument [Line Items]

Principal amount of debt redeemed

$ 58,000,000

Aggregate principal amount of senior notes

$ 350,000,000

Loss on extinguishment of long-term debt

$ (3,600,000)

Redemption premium

1,200,000

Write-off in deferred financing costs

1,500,000

Write-off unamortized original issue discount

900,000

Long term debt carrying value

$ 70,200,000

Fourth Amendment

Debt Instrument [Line Items]

Line of Credit Facility, maximum consolidated secured leverage ratio

350.00%

Fourth Amendment | London Interbank Offered Rate (LIBOR)

Debt Instrument [Line Items]

Line of Credit Facility, interest rate

3.25%

Fourth Amendment | Prime Rate

Debt Instrument [Line Items]

Line of Credit Facility, interest rate

2.25%

Fourth Amendment | Before Amendment

Debt Instrument [Line Items]

Line of Credit Facility, Maximum Borrowing Capacity

$ 150,000,000

Fourth Amendment | After Amendment

Debt Instrument [Line Items]

Line of Credit Facility, Maximum Borrowing Capacity

400,000,000

ABL Senior Secured Revolving Facility

Debt Instrument [Line Items]

Aggregate principal amount of senior notes

600,000,000

Line of Credit Facility, Maximum Borrowing Capacity

$ 600,000,000

297,000,000

Long term debt carrying value

^[1],[2]

205,200,000

38,000,000

205,200,000

38,000,000

Line of Credit Facility, amount outstanding

205,200,000

38,000,000

$ 205,200,000

38,000,000

Debt Instrument, Term

5 years

Long-Term Debt, maturity date

Aug. 13, 2019

Line of Credit Facility, unused loan commitments

0.25%

Line of Credit Facility, amount available

346,300,000

521,200,000

$ 346,300,000

521,200,000

Line of Credit Facility, Average borrowings

$ 226,500,000

$ 81,800,000

$ 83,800,000

$ 42,900,000

Line of Credit Facility, Average interest rate

1.70%

2.10%

1.70%

2.20%

Line of Credit Facility, maximum amount outstanding during period

$ 148,600,000

ABL Senior Secured Revolving Facility | Term B-3 Loans

Debt Instrument [Line Items]

Line of Credit Facility, Maximum Borrowing Capacity

$ 217,000,000

ABL Senior Secured Revolving Facility | Before Amendment | Minimum | London Interbank Offered Rate (LIBOR)

Debt Instrument [Line Items]

Line of Credit Facility, interest rate

1.75%

ABL Senior Secured Revolving Facility | Before Amendment | Maximum | London Interbank Offered Rate (LIBOR)

Debt Instrument [Line Items]

Line of Credit Facility, interest rate

2.25%

ABL Senior Secured Revolving Facility | After Amendment | Minimum | London Interbank Offered Rate (LIBOR)

Debt Instrument [Line Items]

Line of Credit Facility, interest rate

1.25%

ABL Senior Secured Revolving Facility | After Amendment | Maximum | London Interbank Offered Rate (LIBOR)

Debt Instrument [Line Items]

Line of Credit Facility, interest rate

1.50%

2019 Senior Notes

Debt Instrument [Line Items]

Line of Credit Facility, Maximum Borrowing Capacity

$ 1,000,000,000

Long-Term Debt, interest rate

10.00%

Senior notes, issue price

100.00%

Long term debt carrying value

^[1]

450,000,000

Senior Secured Term Loans

Debt Instrument [Line Items]

Long term debt carrying value

$ 450,000,000

Senior Secured Term Loans | Term B-3 Loans

Debt Instrument [Line Items]

Aggregate principal amount of senior notes

$ 1,200,000,000

1,200,000,000

$ 1,200,000,000

Long term debt carrying value

^[1]

1,191,194,000

$ 1,191,194,000

Line of Credit Facility, replaced amount

1,200,000,000

Long-Term Debt, maturity date

Aug. 13, 2021

Senior Secured Term Loans | Term B-3 Loans | London Interbank Offered Rate (LIBOR)

Debt Instrument [Line Items]

Line of Credit Facility, interest rate

3.25%

Senior Secured Term Loans | Term B-2 Loans

Debt Instrument [Line Items]

Aggregate principal amount of senior notes

$ 1,000,000,000

1,000,000,000

$ 1,000,000,000

Long term debt carrying value

^[1]

$ 828,839,000

$ 860,327,000

Line of Credit Facility, amount outstanding

$ 830,600,000

Senior Secured Term Loans | Term B-2 Loans | London Interbank Offered Rate (LIBOR)

Debt Instrument [Line Items]

Line of Credit Facility, interest rate

3.25%

Senior Secured Term Loan Facilities

Debt Instrument [Line Items]

Borrowing, interest rate

4.25%

Senior Secured Term Loan Facilities | Adjusted London Interbank Offered Rate

Debt Instrument [Line Items]

Line of Credit Facility, interest rate

1.00%

Senior Secured Term Loan Facilities | Federal Funds Rate

Debt Instrument [Line Items]

Line of Credit Facility, interest rate

0.50%

Senior Secured Term Loan Facilities | One Month Adjusted London Interbank Offered Rate

Debt Instrument [Line Items]

Line of Credit Facility, interest rate

1.00%

[1]	Capital lease obligations are excluded from the table above.
[2]	To the extent the Company has any outstanding borrowings under the ABL Line of Credit, the fair value would approximate its reported value because the interest rate is variable and reflects current market rates.

Restructuring and Separation - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Nov. 02, 2013	Nov. 01, 2014	Nov. 02, 2013
Restructuring Cost and Reserve [Line Items]
Restructuring and Separation Costs	$ 0	$ 0	$ 2,179

Charges and Payments Related to Restructuring and Separation Costs (Detail) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Nov. 02, 2013	Nov. 01, 2014	Nov. 02, 2013
Restructuring Cost and Reserve [Line Items]
Severance-Restructuring, Charges	$ 0	$ 0	$ 2,179
Severance-Restructuring, Cash Payments			(2,227)
Severance-Restructuring, Ending Balance	549		549
Severance Restructuring
Restructuring Cost and Reserve [Line Items]
Severance-Restructuring, Charges			924
Severance-Restructuring, Cash Payments			(889)
Severance-Restructuring, Ending Balance	35		35
Severance Separation Cost
Restructuring Cost and Reserve [Line Items]
Severance-Restructuring, Beginning Balance		233
Severance-Restructuring, Charges			1,255
Severance-Restructuring, Cash Payments		$ (233)	(1,338)
Severance-Restructuring, Ending Balance	$ 514		$ 514

Fair Values of Financial Assets and Hierarchy of Level of Inputs (Detail) - USD ($)
$ in Thousands

Nov. 01, 2014

Feb. 01, 2014

Nov. 02, 2013

Fair Value, Inputs, Level 1

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Cash equivalents (including restricted cash)

$ 32,349

$ 32,324

$ 265,770

Fair Value, Inputs, Level 2 | Interest Rate Cap

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Interest rate cap contracts

^[1]

$ 3,237

$ 1

Fair Value, Inputs, Level 3

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Note Receivable

^[2]

$ 385

[1]	Included in "Other Assets" within the Company's Condensed Consolidated Balance Sheets as of November 1, 2014, February 1, 2014 and November 2, 2013. Refer to Note 7, "Derivative Instruments and Hedging Activities," for further discussion regarding the Company's interest rate cap contracts.
[2]	As of November 2, 2013, this note receivable was included in "Prepaid and Other Current Assets" on the Company's Condensed Consolidated Balance Sheets. This note was paid in full during the fourth quarter of Fiscal 2013.

Fair Values of Financial Liabilities (Detail) - USD ($)
$ in Thousands

Nov. 01, 2014

Aug. 13, 2014

Feb. 01, 2014

Nov. 02, 2013

Carrying Amounts and Fair Values of Financial Instruments [Line Items]

Long-Term Debt, Carrying Amount

^[1]

$ 1,396,394

$ 1,404,986

$ 1,692,311

Long-Term Debt, Fair Value

^[1]

1,390,915

1,466,061

1,758,716

Senior Secured Term Loans

Carrying Amounts and Fair Values of Financial Instruments [Line Items]

Long-Term Debt, Carrying Amount

$ 450,000

Senior Secured Term Loans | Term B-3 Loans

Carrying Amounts and Fair Values of Financial Instruments [Line Items]

Long-Term Debt, Carrying Amount

^[1]

1,191,194

Long-Term Debt, Fair Value

^[1]

1,185,715

Senior Secured Term Loans | Term B-2 Loans

Carrying Amounts and Fair Values of Financial Instruments [Line Items]

Long-Term Debt, Carrying Amount

^[1]

828,839

860,327

Long-Term Debt, Fair Value

^[1]

836,091

866,048

2019 Senior Notes

Carrying Amounts and Fair Values of Financial Instruments [Line Items]

Long-Term Debt, Carrying Amount

^[1]

450,000

Long-Term Debt, Fair Value

^[1]

501,458

503,168

2018 Senior Notes

Carrying Amounts and Fair Values of Financial Instruments [Line Items]

Long-Term Debt, Carrying Amount

^[1]

126,147

343,984

Long-Term Debt, Fair Value

^[1]

$ 128,512

351,500

ABL Senior Secured Revolving Facility

Carrying Amounts and Fair Values of Financial Instruments [Line Items]

Long-Term Debt, Carrying Amount

^[1],[2]

205,200

38,000

Long-Term Debt, Fair Value

^[1],[2]

$ 205,200

$ 38,000

[1]	Capital lease obligations are excluded from the table above.
[2]	To the extent the Company has any outstanding borrowings under the ABL Line of Credit, the fair value would approximate its reported value because the interest rate is variable and reflects current market rates.

Fair Values of Financial Liabilities (Parenthetical) (Detail) - USD ($)
$ in Thousands

3 Months Ended

9 Months Ended

Feb. 01, 2014

Nov. 01, 2014

Nov. 02, 2013

Term B-3 Loans

Carrying Amounts and Fair Values of Financial Instruments [Line Items]

Long-Term Debt, maturity date

Aug. 13, 2021

Senior Secured Term Loans | Term B-3 Loans

Carrying Amounts and Fair Values of Financial Instruments [Line Items]

Long-Term Debt, maturity date

^[1]

Aug. 13, 2021

Long-Term Debt, face amount

^[1]

$ 1,200,000

Senior Secured Term Loans | Term B-3 Loans | London Interbank Offered Rate Floor

Carrying Amounts and Fair Values of Financial Instruments [Line Items]

Long-Term Debt, interest rate

^[1]

1.00%

Senior Secured Term Loans | Term B-3 Loans | London Interbank Offered Rate (LIBOR)

Carrying Amounts and Fair Values of Financial Instruments [Line Items]

Long-Term Debt, interest rate

^[1]

3.25%

Senior Secured Term Loans | Term B-2 Loans

Carrying Amounts and Fair Values of Financial Instruments [Line Items]

Long-Term Debt, face amount

^[1]

$ 1,000,000

Long-Term Debt, redemption date

^[1]

Aug. 13, 2014

Senior Secured Term Loans | Term B-2 Loans | London Interbank Offered Rate Floor

Carrying Amounts and Fair Values of Financial Instruments [Line Items]

Long-Term Debt, interest rate

^[1]

1.00%

Senior Secured Term Loans | Term B-2 Loans | London Interbank Offered Rate (LIBOR)

Carrying Amounts and Fair Values of Financial Instruments [Line Items]

Long-Term Debt, interest rate

^[1]

3.25%

Senior Notes, 10%, redeemed on August 13, 2014

Carrying Amounts and Fair Values of Financial Instruments [Line Items]

Long-Term Debt, face amount

$ 450,000

^[1]

$ 450,000

Long-Term Debt, interest rate

10.00%

^[1]

10.00%

Long-Term Debt, redemption date

Aug. 13, 2014

^[1]

Aug. 13, 2014

Senior Notes, 9% / 9.75%, redeemed on August 13, 2014

Carrying Amounts and Fair Values of Financial Instruments [Line Items]

Long-Term Debt, face amount

$ 350,000

^[1]

$ 350,000

Long-Term Debt, redemption date

Aug. 13, 2014

^[1]

Aug. 13, 2014

Senior Notes, 9% / 9.75%, redeemed on August 13, 2014 | Interest Rate Cap Contract One

Carrying Amounts and Fair Values of Financial Instruments [Line Items]

Long-Term Debt, interest rate

9.00%

^[1]

9.00%

Senior Notes, 9% / 9.75%, redeemed on August 13, 2014 | Interest Rate Cap Contract Two

Carrying Amounts and Fair Values of Financial Instruments [Line Items]

Long-Term Debt, interest rate

9.75%

^[1]

9.75%

ABL Senior Secured Revolving Facility

Carrying Amounts and Fair Values of Financial Instruments [Line Items]

Long-Term Debt, face amount

^[1],[2]

$ 600,000

Long-Term Debt, expiration date

^[1],[2]

Aug. 13, 2019

[1]	Capital lease obligations are excluded from the table above.
[2]	To the extent the Company has any outstanding borrowings under the ABL Line of Credit, the fair value would approximate its reported value because the interest rate is variable and reflects current market rates.

Derivative Instruments And Hedging Activities - Additional Information (Detail) - Interest Rate Cap	3 Months Ended
	Nov. 01, 2014 USD ($)	Aug. 19, 2014 Derivative
Derivative [Line Items]
Interest rate cap contracts, number \| Derivative		4
Ineffective portion of change in fair value of derivatives	$ 0
Amounts reported in Accumulated Other Comprehensive Loss reclassified to interest expense	0
Amounts reported in Accumulated Other Comprehensive Loss to be reclassified to interest expense remainder of fiscal year 2014	0
Amounts reported in Accumulated Other Comprehensive Loss to be reclassified to interest expense, 2015	$ 100,000

Outstanding Interest Rate Derivatives in Qualifying Hedging Relationships (Detail) $ in Millions	3 Months Ended
	Nov. 01, 2014 USD ($) Derivative
Derivatives Not Designated as Hedging Instruments \| Interest Rate Cap
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Number of Instruments \| Derivative	2
Aggregate Notional Principal Amount	$ 900.0
Interest Cap Rate	7.00%
Maturity Date	May 31, 2015
Cash Flow Hedging \| Derivatives Designated as Hedging Instruments \| Interest Rate Cap Contract One
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Aggregate Notional Principal Amount	$ 387.5
Interest Cap Rate	3.00%
Effective Date	Aug. 29, 2014
Maturity Date	Feb. 28, 2017
Cash Flow Hedging \| Derivatives Designated as Hedging Instruments \| Interest Rate Cap Contract Two
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Aggregate Notional Principal Amount	$ 387.5
Interest Cap Rate	3.00%
Effective Date	Aug. 31, 2014
Maturity Date	Feb. 28, 2017
Cash Flow Hedging \| Derivatives Designated as Hedging Instruments \| Interest Rate Cap Three
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Aggregate Notional Principal Amount	$ 340.0
Interest Cap Rate	4.00%
Effective Date	Feb. 28, 2017
Maturity Date	Feb. 28, 2019
Cash Flow Hedging \| Derivatives Designated as Hedging Instruments \| Interest Rate Cap Four
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Aggregate Notional Principal Amount	$ 340.0
Interest Cap Rate	4.00%
Effective Date	Feb. 28, 2017
Maturity Date	Feb. 28, 2019

Derivative Instruments and Hedging Activities (Detail) - Interest Rate Cap - Other Assets - USD ($) $ in Thousands	Nov. 01, 2014	Feb. 01, 2014	Nov. 02, 2013
Derivatives, Fair Value [Line Items]
Derivative Designated as Hedging Instruments Interest Rate Cap Contracts, Asset at Fair Value	$ 3,237
Derivative Not Designated as Hedging Instruments Interest Rate Cap Contracts, Asset at Fair Value		$ 1	$ 2

Amounts of Losses Recognized in Other Comprehensive Loss Net of Taxes and Classifications and Amounts of Losses Reclassified Into Earnings (Detail) - Derivatives Designated as Hedging Instruments - Interest Rate Cap - Interest Expense - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 01, 2014	Nov. 02, 2013	Nov. 01, 2014	Nov. 02, 2013
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Loss Recognized in Other Comprehensive Loss Related to Derivatives	$ 745		$ 745
Amount of Loss Reclassified from Other Comprehensive Loss into Earnings Related to Derivatives	$ 0	$ 0	$ 0	$ 0

Classifications and Amounts Of Losses Recognized Of Derivative Instruments Not Designated as Hedging Instruments (Detail) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Nov. 02, 2013	Nov. 01, 2014	Nov. 02, 2013
Derivatives Not Designated as Hedging Instruments \| Interest Rate Cap \| Interest Expense
Derivative [Line Items]
Derivative Not Designated as Hedging Instruments Interest Rate Cap Contracts, (Gain) Loss Recognized	$ 13	$ 1	$ 67

Changes in Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Nov. 01, 2014	Nov. 01, 2014
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance		$ 0
Unrealized Losses on Interest Rate Cap Contracts, net of Related Tax Benefit of $0.5 million	$ 745	745
Ending Balance	745	745
Derivative Instruments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance		0
Unrealized Losses on Interest Rate Cap Contracts, net of Related Tax Benefit of $0.5 million		745
Ending Balance	$ 745	$ 745

- Definition

Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.

+ References + Details

Changes in Accumulated Other Comprehensive Loss (Parenthetical) (Detail) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Nov. 01, 2014	Nov. 01, 2014
Accumulated Other Comprehensive Income (Loss) [Line Items]
Unrealized Losses on Interest Rate Cap Contracts, Tax Benefit	$ (0.5)	$ (0.5)
Derivative Instruments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Unrealized Losses on Interest Rate Cap Contracts, Tax Benefit		$ (0.5)

Net Deferred Taxes (Detail) - USD ($) $ in Thousands	Nov. 01, 2014	Feb. 01, 2014	Nov. 02, 2013
Schedule of Deferred Income Tax Assets and Liabilities [Line Items]
Current Deferred Tax Asset	$ 18,216	$ 13,475	$ 14,209
Non-Current Deferred Tax Liability	217,189	242,708	249,585
Net Deferred Tax Liability	$ 198,973	$ 229,233	$ 235,376

Income Taxes - Additional Information (Detail) - USD ($) $ in Millions	9 Months Ended
	Nov. 01, 2014	Nov. 02, 2013	Feb. 01, 2014
Income Tax Disclosure [Line Items]
Effective tax rate	40.80%	38.60%
Full valuation allowance	$ 3.8	$ 2.1	$ 3.4
State and Local Jurisdiction
Income Tax Disclosure [Line Items]
Valuation allowances	5.7	$ 5.8	$ 5.7
Deferred tax asset for net operating loss	7.6
Deferred tax assets subject to expire	$ 5.7
State and Local Jurisdiction \| Minimum
Income Tax Disclosure [Line Items]
Net operating losses subject to expiration year	2013
State and Local Jurisdiction \| Maximum
Income Tax Disclosure [Line Items]
Net operating losses subject to expiration year	2025

Capital Stock - Additional Information (Detail) - USD ($)
$ / shares in Units, $ in Thousands

3 Months Ended

9 Months Ended

May 03, 2014

May 04, 2013

Nov. 01, 2014

Nov. 02, 2013

Statement Equity Components [Line Items]

Stock options exercise price

^[1]

$ 1.73

Shares Used for Tax Withholdings

$ 3,086

Payment of Dividends

$ 336,000

Dividends paid, per unit

$ 5.89

Treasury Stock

Statement Equity Components [Line Items]

Shares Used for Tax Withholdings (in shares)

119,859

(119,859)

Stock options exercise price

$ 25.75

Shares Used for Tax Withholdings

$ 3,100

$ 3,086

[1]	Options exercised during the nine months ended November 1, 2014 had a total intrinsic value of $27.7 million.

Net Loss Per Share - Additional Information (Detail) - $ / shares	9 Months Ended
	Nov. 01, 2014	Nov. 02, 2013
Earnings Per Share [Line Items]
Dividend rate	14.50%
Dividend Entitled	$ 81
Stock Option
Earnings Per Share [Line Items]
Awards excluded from diluted earnings per share	3,777,194	4,655,651
Restricted Stock Issuances
Earnings Per Share [Line Items]
Awards excluded from diluted earnings per share	163,278	50,000

Computation of Basic and Diluted per Common Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 01, 2014	Nov. 02, 2013	Nov. 01, 2014	Nov. 02, 2013
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net Loss	$ (34,214)	$ (16,857)	$ (28,910)	$ (47,434)
Class L Preference Amount		(28,377)		(111,282)
Net Loss Attributable to Common Stockholders	(34,214)	(45,234)	(28,910)	(158,716)
Allocation of Net Income (Loss) to Common Stockholders-Basic and Diluted	$ (34,214)	$ (45,234)	$ (28,910)	$ (158,716)
Net Income (Loss) Per Share-Basic and Diluted	$ (0.46)	$ (0.12)	$ (0.39)	$ (0.34)
Weighted Average Number of Shares-Basic and Diluted	74,218	373,976	73,943	468,226
Class L Common Stock
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Allocation of Net Income (Loss) to Common Stockholders-Basic and Diluted		$ 28,377		$ 111,282
Net Income (Loss) Per Share-Basic and Diluted		$ 8.04		$ 23.95
Weighted Average Number of Shares-Basic and Diluted		3,530		4,647

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

Changes in Class L Common Stock (Detail) $ in Thousands	9 Months Ended
Changes in Class L Common Stock (Detail) $ in Thousands	Nov. 02, 2013 USD ($) shares
Temporary Equity [Line Items]
Accretion of Class L Preferred Return	$ 104,860
Class L Common Stock
Temporary Equity [Line Items]
Stock Option Exercised and Related Tax Benefits - Class L Common Stock	$ 2,531
Stock Option Exercised and Related Tax Benefits - Class L Common Stock (in shares) \| shares	117,588
Issuance/Forfeiture of Restricted Shares and Compensation	$ 61
Dividend	(33,600)
Accretion of Class L Preferred Return	104,860
Other	$ (22)
Other (in shares) \| shares	(1,167)
Conversion of Class L Common Stock to Common Stock	$ (1,103,019)
Conversion of Class L Common Stock to Common Stock (in shares) \| shares	(5,299,927)

Stock Option and Award Plans and Stock Based Compensation - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands		1 Months Ended	3 Months Ended				9 Months Ended
	May 01, 2013	May 31, 2013	Nov. 01, 2014	Nov. 02, 2013	Aug. 03, 2013	May 04, 2013	Nov. 01, 2014	Nov. 02, 2013	Feb. 01, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted, exercise price							$ 29.20
Option granted							137,738
Payment of Dividends						$ 336,000		$ 336,000
Incremental compensation expense from modification			$ 600	$ 1,800			$ 2,400	$ 9,000
Options outstanding			3,777,194				3,777,194		4,619,323
Share based compensation option aggregate intrinsic value options outstanding			$ 141,100				$ 141,100
2006 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, Authorized for issuance			10,125,258				10,125,258
Options granted, exercise price								$ 50.00
Service-based awards granted subsequent to offering vesting percentage on each of the first four anniversaries of the grant date							25.00%
Unexercised vested options, exercisable period							60 days
2013 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, Authorized for issuance			6,000,000				6,000,000
Scenario, Forecast
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Incremental compensation expense from modification							$ 3,400
One Time Grant \| 2006 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Option granted					1,595,000
Options granted, percentage vested					20.00%		20.00%
Options vesting period							2 years
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options outstanding			3,777,194				3,777,194
Unearned non-cash stock-based option compensation			$ 12,600				$ 12,600
Expected incremental compensation associated with the modification							$ 3,400
Unearned non-cash stock-based compensation expected to recognize as expense over period							4 years 3 months 18 days
Service-based awards, service period							The service-based awards are expensed on a straight-line basis over the requisite service period.
Outstanding options to purchase shares of common stock, vested							818,354
Employee Stock Option \| 2013 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options outstanding			0				0
Restricted Stock Issuances
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unearned non-cash stock-based compensation expected to recognize as expense over period							3 years 4 months 24 days
Restricted stock, granted							110,632	0
Percentage of shares vested if change in control							100.00%
Unearned non-cash stock-based compensation			$ 3,100				$ 3,100
Restricted stock award outstanding, vested							1,033,560
Restricted Stock Issuances \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Service-based awards, service period								3 years
Restricted Stock Issuances \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Service-based awards, service period								4 years
Cash
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Incremental compensation expense from modification			100	$ 300			$ 500	$ 4,000
Cash \| Stock Options, Vesting
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock option modification payable			$ 600				$ 600
Exercise Price 1 \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted, exercise price		$ 0.79
Exercise Price 1 \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted, exercise price		1.65
Exercise Price 1 \| Scenario, Previously Reported
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted, exercise price		2.78
Exercise Price 2
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted, exercise price		0.79
Exercise Price 2 \| Scenario, Previously Reported
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted, exercise price		4.55
Exercise Price 3 \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted, exercise price		0.79
Exercise Price 3 \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted, exercise price		0.94
Exercise Price 3 \| Scenario, Previously Reported
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted, exercise price		5.91
Exercise Price 4 \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted, exercise price		3.17
Exercise Price 4 \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted, exercise price		5.02
Exercise Price 4 \| Scenario, Previously Reported
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted, exercise price		10.91
Exercise Price 5 \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted, exercise price		3.17
Exercise Price 5 \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted, exercise price		5.07
Exercise Price 5 \| Scenario, Previously Reported
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted, exercise price		$ 10.96
Exercise prices $27. 40- $31.81 \| 2006 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted, exercise price lower range							$ 27.40
Options granted, exercise price upper range							$ 38.66
Class A common stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of stock in each unit	99
Class L Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of stock in each unit	1

Non-Cash Stock Compensation Expense (Detail) - USD ($)
$ in Thousands

3 Months Ended

9 Months Ended

Nov. 01, 2014

Nov. 02, 2013

Nov. 01, 2014

Nov. 02, 2013

Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]

Non-Cash Stock Compensation

^[1]

$ 1,464

$ 2,517

$ 4,616

$ 8,202

Stock Option Modification

Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]

Non-Cash Stock Compensation

^[2]

487

1,534

1,887

4,986

Stock Options Granted

Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]

Non-Cash Stock Compensation

^[3]

730

963

2,201

3,155

Restricted Stock Issuances

Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]

Non-Cash Stock Compensation

^[3]

$ 247

$ 20

$ 528

$ 61

[1]	For the three and nine months ended November 1, 2014, the tax benefit related to the Company's non-cash stock compensation was approximately $0.6 million and $1.9 million, respectively. For the three and nine months ended November 2, 2013, the tax benefit related to the Company's non-cash stock compensation was approximately $1.0 million and $3.2 million, respectively.
[2]	Represents non-cash compensation related to the modification of outstanding stock options granted under the 2006 Plan during Fiscal 2013 which is included in the line item "Stock Option Modification Expense" in the Company's Condensed Consolidated Statements of Operations.
[3]	Included in the line item "Selling, General and Administrative Expenses" in the Company's Condensed Consolidated Statements of Operations.

Non-Cash Stock Compensation Expense (Parenthetical) (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Nov. 01, 2014	Nov. 02, 2013	Nov. 01, 2014	Nov. 02, 2013
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Non-Cash Stock Compensation tax benefit	$ 0.6	$ 1.0	$ 1.9	$ 3.2

Stock Option Transactions (Detail)

9 Months Ended

Nov. 01, 2014

$ / shares

Number of Units

Options Outstanding at Beginning of Period | shares

4,619,323

Options Granted | shares

137,738

Options Exercised | shares

(914,067)

^[1]

Options Forfeited | shares

(65,800)

Options Outstanding at End of Period | shares

3,777,194

Weighted Average Exercise Price Per Unit

Options Outstanding at Beginning of Period | $ / shares

$ 3.25

Options Granted | $ / shares

29.20

Options Exercised | $ / shares

1.73

^[1]

Options Forfeited | $ / shares

2.39

Options Outstanding at End of Period | $ / shares

$ 4.58

[1]	Options exercised during the nine months ended November 1, 2014 had a total intrinsic value of $27.7 million.

Stock Option Transactions (Parenthetical) (Detail) $ in Millions	9 Months Ended
	Nov. 01, 2014 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation option exercised total intrinsic value	$ 27.7

Information about Options to Purchase Shares (Detail) - $ / shares	9 Months Ended
	Nov. 01, 2014	Feb. 01, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options, Exercise price, average	$ 29.20
Options Outstanding, Number Outstanding	3,777,194	4,619,323
Options Exercisable Number Exercisable	818,354
Exercise prices $0.79 - $0.94
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options, Exercise price lower range	$ 0.79
Options, Exercise price upper range	$ 0.94
Options Outstanding, Number Outstanding	1,105,541
Options Outstanding Weighted Average Remaining Contractual Life (Years)	6 years 5 months 5 days
Options Exercisable Number Exercisable	489,607
Options Exercisable Weighted Average Remaining Contractual Life (Years)	5 years 8 months 9 days
Exercise price $3.17
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options, Exercise price, average	$ 3.17
Options Outstanding, Number Outstanding	326,113
Options Outstanding Weighted Average Remaining Contractual Life (Years)	6 years 1 month 28 days
Options Exercisable Number Exercisable	167,184
Options Exercisable Weighted Average Remaining Contractual Life (Years)	5 years 5 months 1 day
Exercise prices $4.55 - $5.07
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options, Exercise price lower range	$ 4.55
Options, Exercise price upper range	$ 5.07
Options Outstanding, Number Outstanding	2,155,477
Options Outstanding Weighted Average Remaining Contractual Life (Years)	8 years 4 months 6 days
Options Exercisable Number Exercisable	161,563
Options Exercisable Weighted Average Remaining Contractual Life (Years)	6 years 1 month 10 days
Exercise price $26.96
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options, Exercise price, average	$ 26.96
Options Outstanding, Number Outstanding	52,761
Options Outstanding Weighted Average Remaining Contractual Life (Years)	9 years 2 months 23 days
Options Exercisable Weighted Average Remaining Contractual Life (Years)	0 years
Exercise prices $27. 40- $38.66
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options, Exercise price lower range	$ 27.40
Options, Exercise price upper range	$ 38.66
Options Outstanding, Number Outstanding	137,302
Options Outstanding Weighted Average Remaining Contractual Life (Years)	9 years 6 months 29 days
Options Exercisable Weighted Average Remaining Contractual Life (Years)	0 years

Stock Options Vested and Expected to Vest (Detail) $ / shares in Units, $ in Millions	9 Months Ended
	Nov. 01, 2014 USD ($) $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options, vested and expected to vest \| shares	3,628,374
Weighted Average Remaining Contractual Life (Years)	7 years 7 months 21 days
Weighted Average Exercise Price \| $ / shares	$ 4.50
Aggregate Intrinsic Value \| $	$ 135.9

Weighted Average Assumptions Used to Estimate Fair Value of Stock Option (Detail) - $ / shares	9 Months Ended
	Nov. 01, 2014	Nov. 02, 2013
Share based Compensation Arrangement Assumptions Used to Estimate Fair Values of Share Options Granted [Line Items]
Risk-Free Interest Rate	2.10%	1.70%
Expected Life (years)	6 years 3 months 18 days	7 years 4 months 24 days
Contractual Life (years)	10 years	10 years
Expected Dividend Yield	0.00%	0.00%
Weighted Average Grant Date Fair Value of Options Issued	$ 13.16	$ 5.64
Minimum
Share based Compensation Arrangement Assumptions Used to Estimate Fair Values of Share Options Granted [Line Items]
Expected Volatility	41.00%
Maximum
Share based Compensation Arrangement Assumptions Used to Estimate Fair Values of Share Options Granted [Line Items]
Expected Volatility	44.00%	36.80%

Award Grant, Vested and Forfeiture Transactions (Detail) - Non Vested Restricted Stock	9 Months Ended
	Nov. 01, 2014 $ / shares shares
Number of Awards
Non-Vested Awards Outstanding at Beginning of Period \| shares	81,396
Awards Granted \| shares	110,632
Awards Vested \| shares	(27,500)
Awards Forfeited \| shares	(1,250)
Non-Vested Awards Outstanding at End of Period \| shares	163,278
Weighted Average Grant Date Fair Value Per Awards
Non-Vested Awards Outstanding at Beginning of Period \| $ / shares	$ 12.58
Awards Granted \| $ / shares	28.95
Awards Vested \| $ / shares	5.56
Awards Forfeited \| $ / shares	27.40
Non-Vested Awards Outstanding at End of Period \| $ / shares	$ 24.74

Other Liabilities - Additional Information (Detail) - USD ($) $ in Millions	Nov. 01, 2014	Feb. 01, 2014	Nov. 02, 2013
Other Liabilities Current [Line Items]
Customer liabilities	$ 32.3	$ 29.2	$ 33.4
Self-insurance reserve	59.9	57.2	54.5
Deferred lease incentives	158.8	157.5	147.2
Insurance-related Assessments
Other Liabilities Current [Line Items]
Self-insurance reserve expected to be paid	24.5	23.6	22.2
Remaining balances of Self-insurance reserve	$ 35.4	$ 33.6	$ 32.3

Commitments and Contingencies - Additional Information (Detail) $ in Millions	Nov. 01, 2014 USD ($) Store Warehouse	Feb. 01, 2014 USD ($)	Nov. 02, 2013 USD ($)	Nov. 30, 2005 USD ($)
Commitments and Contingencies Disclosure [Line Items]
Accruals relating to legal claims	$ 3.6	$ 1.3	$ 1.2
Minimum lease payments for operating leases January 31, 2015	67.0
Minimum lease payments for operating leases January 30, 2016	278.3
Minimum lease payments for operating leases January 28, 2017	273.8
Minimum lease payments for operating leases February 3, 2018	254.0
Minimum lease payments for operating leases February 2, 2019	226.5
Minimum lease payments for operating leases thereafter	892.1
Letters of credit, outstanding amount	48.5	43.9	40.8
Purchase commitments related to goods	588.6
Death benefits				$ 1.0
Options to Extend Lease Terms
Commitments and Contingencies Disclosure [Line Items]
Minimum lease payments	$ 50.8
Other Capitalized Property Plant and Equipment
Commitments and Contingencies Disclosure [Line Items]
Number of stores committed to be opened \| Store	13
Number of warehouses \| Warehouse	2
Other Capitalized Property Plant and Equipment \| New Stores
Commitments and Contingencies Disclosure [Line Items]
Minimum lease payments	$ 221.5
Guarantee Performance Under Insurance And Utility Agreement
Commitments and Contingencies Disclosure [Line Items]
Letters of credit, outstanding amount	34.4	28.8	29.2
Merchandising Agreement
Commitments and Contingencies Disclosure [Line Items]
Letters of credit, outstanding amount	14.1	15.1	11.6
Letter of Credit
Commitments and Contingencies Disclosure [Line Items]
Letters of credit, outstanding amount	$ 346.3	$ 456.2	$ 521.2

Related Parties - Additional Information (Detail) - USD ($) $ in Millions	1 Months Ended	3 Months Ended		9 Months Ended
	Apr. 30, 2006	Nov. 01, 2014	Nov. 02, 2013	Nov. 01, 2014	Nov. 02, 2013
Related Party Transaction [Line Items]
Advisory agreement initial term				10 years
Advisory agreement termination date				Oct. 02, 2013
Termination of Advisory Agreement fees					$ 10.1
Advisory agreement, fee as a percentage of financing, acquisition, disposition or change of control	1.00%
Advisory agreement term extension				1 year
Quarterly Payment
Related Party Transaction [Line Items]
Advisory agreement, periodic fee payment	$ 1.0
Fees paid			$ 0.7		$ 2.9
Reimbursement for out-of-pocket fees and expenses
Related Party Transaction [Line Items]
Fees paid				$ 0.2
Reimbursement for out-of-pocket fees and expenses \| Maximum
Related Party Transaction [Line Items]
Fees paid		$ 0.1

Label	Element	Value
Restructuring Reserve	us-gaap_RestructuringReserve	$ 597,000
Severance Separation Cost [Member]
Restructuring Reserve	us-gaap_RestructuringReserve	597,000
Common Stock [Member]
Stockholders' Equity Attributable to Parent	us-gaap_StockholdersEquity	$ 47,000
Shares, Issued	us-gaap_SharesIssued	517,979,682
Treasury Stock [Member]
Stockholders' Equity Attributable to Parent	us-gaap_StockholdersEquity	$ (4,000)
Shares, Issued	us-gaap_SharesIssued	(4,812,588)
Retained Earnings [Member]
Stockholders' Equity Attributable to Parent	us-gaap_StockholdersEquity	$ (1,109,501,000)
Common Class L [Member]
Temporary Equity, Par Value	us-gaap_TemporaryEquityValueExcludingAdditionalPaidInCapital	$ 1,029,189,000